Yes, I also expect the stock to double or triple in less than a month on FN. And then again later this year in Oslo. Unless we have 73 market makers there as well, all playing with millions of dollars, trying to make a few penny's every day. We don't even need institutional buying. It's more about availability IMO. So they need to look into that. And if we get fast moves on FN then we will also get them on OTC, finally.
So that could take us to $80 or $90 potentially. Roughly a P/E of 10 which means it's still 5x undervalued. Then we will get a slower move towards $200 next year. That should be the plan :-)
Well, they don't have to repurchase stock if it plays out this way and they can focus on dividends next year. Just be careful when you want to issue the next convertible bond.
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