GREY:FTPLF - Post by User
Comment by
Nighthawk40on May 26, 2011 6:19pm
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Post# 18631490
RE: RE: Guys, looking at the chart on this
RE: RE: Guys, looking at the chart on thisHi Liberty29,
You appear to have a longer time horizon than most of the investors who speculated buying shares of FTP.
The market is and will always be irrational. It is very difficult to be a market timer.
Historically , in the long term, small cap companies will out perform mid and large cap companies. The down side, as you mentioned, is the SP volatility. If you can stand this SP roller coaster, you eventually will be rewarded.
That is precisely why you need to perform your DD before buying small cap companies.
I liken FTP to a "Hedge Fund". "buying distressed assets at deep value prices and turning them around".
To date, Chad has demonstrated the unique ability to uncover hidden gems, present detailed business plans, obtain financing, locate and hire talented managers and aggressively exploit opportunities by transforming stale money losing commodities into appealing high margin businesses.
Like Buffet and Irwin Michael, Chad mitigates the risk by buying these assets for dirt cheap prices.
It is the strength of FTP's management team that sets it apart from its competition.
When Chad and his team are finished transforming and improving the new acquisition, they have significantly raised the book value of the asset.
As Chad has stated many a time "Everything is for sale for the right price". When he does sell an asset, you can be assured that share holders will be rewarded.
I enjoy reading your posts, I trust you will still own FTP shares when they eventually correct to the +40% side.
Cheers and welcome to the board.
Nighthawk40