ROE 2013 Potential big (Despite Equity increase of $50m). The 11.43% in 2012 includes drilling for others. MAD have ditched that for drilling on their own plot WHY - BECAUSE THEY WILL MAKE MORE MONEY THAT WAY.
Intrinsic value of company increasing and good build up of ROE.
I agree with the other posters re: Advisors. How can one accept an advisor's advice when the driver of their business income is transaction volume. Not many advisers tell you to buy a company and hold for decades.
Light bulbs used to have an indefinent life until the companies had the eureka moment i.e. "We wont be around if we give the customer what they want -instead we have to give them what WE want to give THEM".
Regarding ROE. To me that is the best metric. How is the profit going compared to capital (NOT EARNINGS - PROFIT)
FDM Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held
