by 35, true regarding the pattern but remember this time FGE has far more cash in the bank and a much larger order book. FGE has improved the business internally greatly in the last 2 years and the CTEC power generator acquisition also gives it more intrinsic value.
I think we have seen the bottom on FGE on this run provided there is no more disastrous sell downs on fear for this little period.
Either way FGE is undervalued by a long way so it will should recover above current prices when sentiment ticks up a little.
If FGE hits guidance it may also become a preferred stock in the sector and attract money from other dogs.
DYOR Caveat Emperor
FGE Price at posting:
$4.09 Sentiment: Buy Disclosure: Held
