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I don't "do" fundamentals, but I have ben pretty expert at finding undervalued (technically) stocks, which everybody loved, when they were much higher (as usual, right ?) the last 1-2 years.... FRLN beginning to look like may be starting a "Depressed Base" here $ 4+, with a stop below recent low, in a diversified portfolio only.... was $ 19.- when came out in 1996, seems to have about $ 3./share in cash, no LT debt, sales hanging in, and still earning income as a company ....they do internet, network solutions stuff, software, routers, modems, "Etherwave" "Timbuktu" "Netopia", etc. float only about 2.3 mm of 11.1 mm shares, (big insider holdings)....their version of BV says 4.70/sh. getting exhausted in decline, on decent volume down here....when/if forms base, my "PSYCLE sm" says, may bounce nicely...down here, biggest risk (use stops), but biggest potential ....I am often a bit early, but often correct....we shall see... anyone know this compnay ? enjoy... |
