Originally Posted by
SailorRob
Good post, I am scouring the wastelands but can't see anything interesting.
FBU seems far from cheap to me and god only knows how it ever traded higher than current prices, just 100 seconds looking over the figures tells me that right away.
Revenue flat over a decade and average earnings of around 200 million, expanded their balance sheet and plenty of debt in order to produce those earnings, and people are paying 2.7 billion for it?
I would not even look seriously unless it was trading for 1.6 billion.
So at $2 a share, this business is not super cheap, just mildly interesting.