For what it is worth imho it must currently be priced close to the value of the finance company. The gap possibly covered by the value as an importer/distributor in Aus/NZ.
Seems to me the manufacturing, branding and technology in excess of debt is for free, but although I hold do I see it as a BUY? NO.
Floods and earthquake has immaterial positives for FPA, perhaps more negatives but again not material imo.
EL
FPA Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held