FBR 2.04% 4.8¢ fbr ltd

Ann: FBR General Meeting Presentation, page-213

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  1. 1,774 Posts.
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    I appreciate the frustration for long term shareholders, of which I am one.
    But the fundamentals have improved over that time even though that hasn't translated to share price appreciation from Mr Market.
    But as investors we are concerned with the fundamentals of the business and the margin of safety to intrinsic value.
    It's a sunk cost fallacy to be concerned about what has happened in prior years. We are buying the unknown future not the known past.
    In any case, it has all been said before, just hoping now that the next gen machine is developed and commercial negotiations are taking place, we won't have to wait too long too much longer for revenue and operating income to start flowing through.
 
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