There's no doubt about it it FPH is definitely way overpriced.
Whether that's a symptom of the lack of quality stocks on the New Zealand market or whether is because of the hot fire underneath the company - it has been doing gang busters for a number of years - it all depends where you come from.
It tacked on well over $1 about 2 weeks ago when it mentioned to the markets that all bets were off and that the legal stoush FPH was having with RMD - Resmed - was over worldwide, so it is very sensitive to this kind of info.
No doubt the coming results out this May will be good and you have to understand that this legal brouhaha that is now over brings $20m pa in cash straight to the bottom-line.
So I think there is opportunity here for some short term gain of at least $2 per share from here for you short termer's and for us long termer's their is scope to pick some of these up during its weaker times - like the US/kiwi dollar cross going the other way.
So if you want to get some of that money back from that errant lawyer, give this a go.
Trade/invest wisely.
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I have watching this stock for over 5 years. I think it is because the sellers are few...
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