Just published an article on Seeking Alpha on why I got out of FDS. Got a good return, but got out at the right time. Unfortunately, with the editorial delay, the stock has declined a bit between writing and publishing. Not complaining, just saying…
Now, this should free up some capital for some other ideas. I’m looking at undervalued companies across Europe, in South America, and the United States as well.
I just purchased some shares of BNCCorp (BNCC.pk). It’s a small regional bank traded on the pink sheets. I’ll have an article on the reasoning soon. I figure the downside is limited to about 10%, while the upside is anywhere from 50-100%.