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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (47864)5/9/2012 9:06:46 AM
From: Grommit  Read Replies (1) of 78699
 
Thanks paul & clown. I'll read the book.

FSC has similar structure to the others, with dividend opt out plan. in 2011 they had $125 million of investment income, $4.7 million of administration (sounds reasonable), and $36.4 million of mgmt fees. Mgmt fees were 29% of income. wow, what a business.

FYI:
dataroma.com
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