Hello all
I've owned FHCO since 2012 and as far as I can tell the story has never really changed. I initially purchased when it was a little over $5 primarily for the dividend payment. I then added not that long ago when it was below $2. I now own 2,135 shares with a breakeven price of $2.34
When it was around $10/share in 2013 they made the announcement they were cutting dividends to utilize cash flow to expand production facility. You never really heard a lot about that expansion. But production has increased.
Once dividend was cut the share price plummeted fairly quick losing 1/2 its value, then it slowly sunk down to below $2.
I know many investors like stabilized earnings with a nice steady increase. However that is not what you get with this company. You are going to get increasing earnings, but the timing will be volatile with their sales model.
I listened to the last earnings call and they did emphasize how the female condom will be an extremely effective tool to stop pregnancies while the zika outbreak is going on, so hopefully we will see a nice increase in earnings.
Has anyone heard anything about the dividend being reinstated? I think that would help share price I think.
Good luck everyone, lets hope this picks up steam and pushes towards that $10 share price again.
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