AngavarThis should be valued on the basis of it has a $5 mill...

Angavar

This should be valued on the basis of it has a $5 mill market cap and it made over a $3 mill profit last year.

It's currently tading at a p/e of 1.6 x based on last years result (regardless of FAS).

If the FAS takeover succeds and FDY is trading as per last year this might be trading at a p/e of 0.8 x ?

The FAS succcess fees alone may pay for the shares .. so FDY may come for free.

Imagine that ! .. but even leaving FAS out of it what's wrong with a p/e of 1.6x ?