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Non-Tech : FEDDERS -- Ignore unavailable to you. Want to Upgrade?


To: Jim Mundy who wrote (15)7/25/1998 3:32:00 PM
From: Cymeed  Read Replies (1) | Respond to of 26
 
A quiet thread. I own FJC for more than 2 years now. It's not been great for the last 2 years - flat. But things seem to turn up recently. People eventually start interesting in this company with the record high temperatures nation wide and good earning from the last quarter, and expecting a even greater next quarter.

In the past, the inside selling has hurt the stock value quite a bit. The insiders have sold quite bit too recently. On the other hand, the management seem to do just fine during the last few years. I watched them expanding capacities in China, enlarge outsourcing, consolidate headquarters, concentrate on retailers,etc. They keep gaining market share while being a leader in this business.

Another thing hurt the stock value is the "cyclical" nature of their business. When the economy slows down, they will hurt more than other companies. That's the low PE and low price/book. But regardless, FJC or FJA does seem to be an undervalued stock for those who can wait patiently.