Just try to refrain from talking and thus exposing myself as the fool I am. So, no speculation from me. Just holding my breath until the end of the month when the full year results will be out, and the rabbit is likely to appear: 1. Properties sold? 2. Stock levels reduced? 3. Impact of strenghtening NZ$? 4. How to improve the balance sheet or continue to trade themselves out of this?
I intend to reduce my holding in FPA, as I have 40% of my initial capital tied up in this company. My average is at NZ$1.00 which is not bad considering I have been a long-term holder.
FPA Price at posting:
37.5¢ Sentiment: Sell Disclosure: Held
