FLX just released their report. Profit was so-so, but gearing is zero and they are cashed up to the tune of 14.4 million. THey also are paying a first-ever dividend of 12 cents per share - which is bloody good for a 20 cent share!!
Now - why did the market repond by selling the price down to 16.5 cents all of a sudden?
I really can't figure that one out at all. The more I try to second-guess the market, the baffleder I get!! I know - I shouldn't try to second-guess the market - it is always right. But it's frequently far from logical and often doesn't make sense.
FLX looks pretty good to me, especially being a coal stock over the next couple of years. I'm holding and buying more.
FLX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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