fms catchup left bank, page-31

I completely agree with you rail gun. The shares are definitely undervalued now. However I am questioning management's calls and ability to put things in place to make the market realise that. It has just been very sloppy and disappointing. Another example is I think last year and the year before FMS was saying it still hoped to be in production this year 2014. That has now been replaced with a business decision deadline in 2015! So, the way this has been presented, the market now sees a risk that the whole thing may not even go ahead! That is of course very unlikely. But why suddenly present it that way, with no explanation? All you end up with is the market saying "Huh? What? What a huge anticlimax.". But yes, I do agree with you.