Further the to comments in this thread on the JP Morgen commentary, they actually did provide a target price. Its pre-consolidation, so multiply by 7 to get a target price of $2.24.
" JP Morgan 03-Dec-12 Analysts at JP Morgan point out FKP right now is all about decreasing debt and increasing operating cash flow. They like the new direction management has taken and anticipate positives for the future.
Right now, however, JP Morgan prefers to sit on a Neutral rating. A further reduction in the stockbroker's retirement valuation has triggered a fall in price target; to $0.32 from $0.47 prior.
Note: dividend payouts have been removed for the foreseeable future. "
FKP Price at posting:
$1.01 Sentiment: Hold Disclosure: Held
