I'll take some FLCN here.
Not really a fan of IPO's, but FLCN has some attraction for me. FLCN makes loans to car dealers (not their customers).
I seem to be drawn to car dealerships and their stocks. Maybe it's my disease of "new car fever". Some dealership stocks have done okay, and as I've reported, I'm still buying some shares in this sector. Sometimes too, the stocks of companies that support those dealerships are interesting (i.e. profitable). I've posted on the ones I've bought; I assume though this sector or the stock prices of the companies are not attractive to readers. FLCN, being a small business and an IPO too, possibly holds even less interest. It's difficult to get history, and Yahoo doesn't give a financial summary. Per Yahoo, the one analyst who follows the stock says it has a forward p/e of 7+, based on 9/'05 earnings. 9/'05? Nobody should put much belief in numbers that far out, esp. if only by one analyst. I do expect though, that barring terribly adverse events, I will be holding the stock at least 2-3 years.
Stock's about at the IPO price.
I notice that Third Avenue Management (Marty Whitman's co.) is a large institutional owner. That's a nice positive, imo.
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