Have been watching frm for about 3 months, and what initially brought it to my attention was a reasonably attractive p/e ratio . After reading yesterday's report , i am left scratching my head at the negative weighting put towards the oversupply comments. Thought report was ok and probably dont have the depth of knowledge to understand the oversupply issue and how this may affect this going forward, but did think selloff could mark an opportunity to get in. Are there any HC devotees with industry experience that could shed light on current market conditions and the likely affect if any on frm's revenue and profitability if any?
At a p/e ratio in mid 8's, surely could represent a time to buy.
FRM Price at posting:
$1.24 Sentiment: None Disclosure: Not Held
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