Shaws $4.60 price target, page-15

I agree re the serious good operators building a good machine. I have been in since about 2008 where I bought for $1.66. So have seen it go under 80 cents post that purchase and now approach $5. I know it could go a lot higher. Just curious though, if there were a say 20% market correction, what impact that would have on FID the business, not FID the stock price. I am guessing they lose 20% FUM by virtue of market being down, but also a lot more because of redemption's. That would put them back to a Neutral profit situation?? Just curious as markets are a bit top heavy or so some say. On the other hand, if markets keep going up, well FUM will climb appreciably and the profits will rise exponentially so the sky is the limit with FID.