"My problem is that I have a home loan, that's a guaranteed 5.74%p.a. saving by putting my spare cash there, rather than a maybe 200% gain (over how many years?) by putting it here."
At 5.74% p.a. you will have saved/earned 75% over 10 years ... my belief is that FDV will return to ATH $2 and beyond in 2-5 years ...
I am overweight in FDV and it is far and away the biggest paper loss in my portfolio, but I still have faith in FDV management. The only misstep I blame them for was this CR which in retrospect was totally foreseeable and should have been dealt with in the previous CR at $1.50 with much less dilution and angst.
But I still have faith in FDV management because they are (slowly) executing on their business model and we should see further improvement in their operating cash flow in coming quarters.
If we don't, then it might be time to throw in the towel.
FDV Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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