FXL Flexigroup

[t.rexjr]

FXL down big time at open... even at current price of $1.60, trading at a PE of just 6.6 (yes, six point six!)... yet has grown profit every year since listing... if you think SUM other stocks have been hit a bit harder than they should have, look no further than FXL!
Likely due to tax loss selling, and (hopefully) not related to this Thursday's update... tempting to go into an xxxl position
(the 8 - 9 or so cent dividend likely to pay this full year is attractive in itself... regardless of the stupidly low PE)

And I thought I did well picking up a parcel at $1.64 a couple of weeks back. Might have to go find some more spare change. It doesn't seem that long ago I was happy to get a small parcel for $2.20. Sometimes the Aussie market baffles me!