Quote Originally Posted by Filthy View Post
Comparing FPH to crypto-currency was perhaps a little unfair BP
Sometimes it helps to read a statement in context; This is what I wrote:

Look - I guess what you probably want to say is that market hype is able to override any sensible value proposition (and it is, just look at the "crypto market" - no underlying value, high price).
...

And just to make myself clear: I think FPH is a great company ... just a bit overpriced - and yes, this can still stay that way for some time (or not).
I did use the crypto market as one example where the price is (driven by hype) above the underlying value of a security. I did not say that FPH is comparable with crypto currencies.

Of course - FPH does have significant underlying value (just lower than the current SP) and they are a great company, while cryto-currencies in my view have no or little underlying value. I never stated anything different;