For those rookies who keep saying what a great buy this stock
is, I hope you learn something. A stock does not get cut in half
for no reason. Either earnings are slowing or dropping. Or the
street has no faith in the management. With FNFG the management
has proven they are in over their head. The stock price cut in
half. Dividend cut in half. And my favorite the book value dropped
big time. How the heck can you say you are growing a company
when your book value drop so much.
But as you drop ever closer to, no not a 52 week low but a multi year
low, keep telling your self what a great company this is.
When this sits in the $6 range you can tell yourself again what a great
buy it is.
with a Forward P/E of 9 this stock is a steal. Every stock is down in this scary times, no matter how good a company is doing. Investors are scared with no balls.
You sell and some one with balls is buying including me.
You wonder why the stock is down today. What are brokers telling the people that own FNFG? It just seems that the doom and gloom holders of the stock are looking for it to drop! It's a shame that some investors can be so hatefull as they say!
I sold 3/4 of my holdings and took the loss a while back.
I keep hoping this management gets sacked so this company
might have a chance.
Do you really think this management deserves to keep its jobs?
Have you been in this stock for very long? Just curious. Those of
us who have been around for a while have been hurt by what these
guys have done.