Colonial selling heaps of FWD - apparently will sell to $5.50. Higher labour costs, recent competition in a couple of tenders, a possible slowing of the resource sector - all reasons why FWD is getting sold down. A realistic PE for this stock is around 8 as I feel growth will slow down for them. So at current earnings I believe $5-5.50 is a reasonable buy price. From a tech. perspective, maybe support around $5.85-$6?
stock price fleetwood, page-2
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