I don't try to guess short term market movements. In the short...

I don't try to guess short term market movements. In the short term FLT may well go lower, and if it does I may well use the opportunity to buy more. Remember what happened in 2008? That was a great opportunity. The intrinsic value has gone from strength to strength.

This is a strong business with impressive cash generation capacity and with enough cash to ride out hard times. I would rather be the tortoise than the hare here. I think at the end of the day, the hare will be exhausted and last to cross the line. But, I may be wrong. Good luck.