FID 2.01% $7.30 fiducian group limited

This is basically what I come up with.ROE is better than most...

  1. 3,568 Posts.
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    This is basically what I come up with.

    ROE is better than most companies, but offsetting that is a key man risk. The company could still operate without Indy, I'm just not sure it would acquire as well as it has.

    15x UNPAT + excess cash seems fair value to me.
 
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