Long term hold anyone?Jamie Horvat was on BNN Market Call last week and said that he had sold his position in FMD. He said that he had recommended the stock when he was focussed on preservation of capital and sold when he switched his investments to inflation protection. He also said that the company missed its growth objectives when they lost a higher margin product.
From the volume, it looks like there's another insititution that is giving up on this one.
Rapidfire, for all the reasons that you outlined in your post, it'll be a while before this one sees $10 again. That being said I have been picking away on this one (Gulp) as it falls and I hope that 6.25 was the low.
Also it didn't help that National Bank's analyst increased his target from $6.50 to $7.50 when it was already at about $7.50. So he doesn't think it can grow much either. Hopefully it was National's report that spurred the selling and not any rumours of a deal to fund an acquisition.