I have ValueLine publications....I can also take the last ten year's worth of earnings and average it out. Comes to $2.12 over that time period. Then take the average PE over that same ten year time period. Comes to about a PE of 10. Times the earnings by the PE and you get $21.20 a share. This was is more conservative than the first and relies on history - not future earnings like the other method I mentioned earlier. I actually prefer this method of finding intrinsic value. Great balance sheet here.
Tangible book value is 18. Counting goodwill book value is about 24. Let's stick with tangible though. Before this sell-off last fall in the overall market it would be almost unheard of for a company that is profitable to trade below book value ($18) but in this market, it's commonplace.
Patience will see an eventual return above 20 for FDP. It may take a year (or longer) but it's a solid company. Should make $1.50-$1.75 this year (70 cents next quarter is my guess based on conference call) and if this turns out to be a trough year, then 20 will be easy to break next year.
If not a trough year, then of course even more patience will be needed.
BTW...Look for a possible downgrade in the morning and more short term weakness.