OTCQB:FIOGF - Post by User
Comment by
FarmerInvestor4on Feb 12, 2021 1:54pm
152 Views
Post# 32554248
RE:RE:RE:Endless selling
RE:RE:RE:Endless selling
lewdogg wrote:
I've been adding anywhere from .89x to .96x USD. Under a dollar USD is a gift, IMO. FIOGF is my largest position, and the largest position I've ever had in a company. It's now over 20% of my portfolio. *GULP*
If you read the audited financials, this trades at a P/E Ratio of 6.7 (+ $0.18 EPS) after their income taxes are paid. Almost 1/4 of the assets on the balance sheet is actual cash and there is Zero debt.
There are mining companies with higher market cap valuations based on ZERO Revenue & pure speculation.
A modest valuation at 10X to 15X puts the share price at somewhere between $1.80 & $2.70. We just need the market to figure it out.
I sleep well at night holding this one
FI4