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Open Question
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.
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can you explain why other than the fact it is from $20 to under $2
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