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Originally Posted by winner69
FBU share price was under 3 bucks at the turn of the century and market sentiment was just like it was today ....big company all unloved and unwanted
In the next 6 years or so the share price went to about 12 bucks ...one of the best long term trades I’ve ever had.
Charts said sell and then the GFC hit. The company didn’t fare too well Post GFC ....maybe the coming big recession won’t go them any favours
Been watching ever since but haven’t really seen enough to be tempted to have another go at 4 bagger
Fletcher does this just about every decade - 1992, 2000, 2008 and now, 2019.
But maybe this time is different? May never recover again and finally, gets taken over!
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