Greetings! My time horizon on owing this stocks is a couple of years, and I am reinvesting the dividends, which isn't my usual modus operandi. The right industry at the right time. Owning Friedman is like owning a privately-held company. This is a rare instance where individuals have an advantage over institutional investors, imo.
FRD Over half of Q4 earnings attributable to financial instrument gains. Guidance is that Q1 "results" will be better and that Q2 "operating results" will further improve. Are they guiding for better sequencial earnings in Q1 or just better operating earnings? Q2 guidance seems clearly limited to operating earnings.