I'm looking into buying FOE anyone have advice on that?
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Ferro Corp. (FOE) could climb from its currently depressed level, but patience
would be needed. From a loss of $1.26 per share for its latest fiscal year, the
consensus among analysts is that its red ink will shrink to a deficit of only 17
cents for the current year before turning to a profit of 74 cents next year.
That places FOE at a super-low multiple of 1.9 times next year’s estimated
net. Priced at only 0.2 times book, a “value” case can be made for FOE.
FOE is currently rated a “sell” by TheStreet.com Ratings quantitative
evaluation model. But it is only a slim notch from “hold” status. But the
time it might take for it climb to “buy” territory could test an
investor’s patience.
can you explain why other than the fact it is from $20 to under $2
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