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clock Created with Sketch. 04/10/17
17:06
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Originally posted by joewolf
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I think you are correct but if its a slow grind upwards that is going to be a real hard slog and we are probably overvalued right now. $130 million for FR that has to be hard sold as the market has cheaper and more deadly alternatives. Look at smoking, you would have thought by now that lawsuits would have made it impossible to make money yet governments and the suppliers just keep on selling and settling lawsuits even fighting them. I dont think its going to be any easier here.
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I remember having this discussion with you mmonths ago when you were telling me the SP should be a dollar while I was telling you 55-60 cents was about right (from memory). Good to see your view has changed.
(20min delay)