FWD 1.73% $1.70 fleetwood limited

I for one didn't think it was too bad...this stock is hardly...

  1. 65 Posts.
    I for one didn't think it was too bad...this stock is hardly priced for perfection! What were people expecting?

    Profit was obviously hit due to the impairment and poor results from RV segment (again), but operating cashflows of A$30m from the year is pretty decent. Market cap is only A$147 million remember - not too many companies can spit out that much cashflow at the bottom of the cycle (arguably). Would be keen to see free cashflow kick up a bit next year. A 15 year contract on Osprey should generate some decent stable cashflows over the next couple of years.
 
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