Ann: Forge Target's Statement and Independent, page-10

re: Ann: Forge Target's Statement and Ind... Agree that valuation is still very much bottom-end. Read their calcs. Basically they are assuming FGE will not increase their profits after this year and then did a quick (enterprise value)/price comparison against a group of mostly dropkick companies. I couldn't see one with compatible earnings growth with fge. Most went backwards over the years.