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Strategies & Market Trends : Value Investing

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To: gcrispin who wrote (22793)	6/10/2006 9:52:13 AM
From: gcrispin	Read Replies (1) of 78748

I continue to hold my FMD shares. Not the value they were when trading in the twenties, but the company announced yesterday that they will exceed their projections of 25-30% growth for 2006 (ending June 30.) 2007 projections by JP Morgan gives this stock only a PE of 12 in terms of valuation. yahoo.reuters.com Many of the questions concerning the stock have been answered. They recently have signed agreements with BofA and JP Morgan and have continued to expand their client list with the signing of Key Bank. A heavily shorted stock, the short position has been decreasing since the Feb high with the price advance. I also view that as a positive sign. nasdaq.com

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