RE:RE:RE:More headwinds to come Hi Canwin,
You're correct in that I think the current market price seems a little overpriced, but I still think it is worth more than $12.50, due to quality of management and their ability to access investments which may not be available to others. I think may have used poor phrasing in my last comment, I didn't mean an large amount below current market price, but one that is noticeable (not trivial).
There has been a run-up in price from around $14.75 to ~$16.00 over the past couple weeks, without any news and RSI is showing that it's currently overbought. So I think considering that IMO the price has gotten a little far ahead of itself and that shares are always sold in these situations at least slightly under market value anyway, that it would be at a noticeably lower amount than $16 (maybe ~$14-$15, I'm not sure that's a wild guess). Either way, I wouldn't say it's worth selling and rebuying (I'm not a trader).
I think the company has fantastic potential for growth and is a great long term hold, however that doesn't mean there is no limit in the amount one should be willing to pay and that the stock will not be overvalued / undervalued at times. For example I do think the stock was a better buy at $10 a year ago vs. $16 now.
I personally would be extremely surprised if the stock was $30 in 2 years considering management was hoping for 20% book value appreciation annually, but we can always dream :)
Canwin21 wrote: Hi Billy,
You believe FIH.U is worth about $12.50 per share. You must have sold all your shares at $15. or so for a profit as you figure its is presently over priced. And because you like this company, logically you plan to buy back in when it returns to what you percieve is its real value.
I believe the realistic growth potential of FIH.U is very strong. This is not a prediction, but I would not be surprised if this stock $30. per share in 24 months. Why should an apparent growth company with quality under pinnings dilute far under market value when the expectation is strong growth?