IMO FDV is just being indiscriminately hit because it falls into the bucket as a "growth" stock, that does not yet have positive cashflow, and operating in 'frontier' markets doesn't make it more attractive to fund managers either.
Never mind that it has a clear path to breakeven and a long road ahead of increasing cashflow as it grows a business that will not require a lot of cap ex, so when it does hit profitability, a lot of that cash will just fall onto the bottom line and hopefully as nice fat divvys unless Shaun identifies other opportunities to invest that cash in of course.
There are a lot of growth business that do not have enough cash, and do not have a clear path to breakeven and profitability that deserve to be sold of as interest rates rise and capital becomes much harder to access.
If you know the company well, you would know FDV is not one of those businesses.
FDV Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
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