The share price was around 7 Euros and has since increased to 11 Euros. I forgot to check history and cash flows. Fagron was earning cash, but had big write-offs (impairments).
The dip in share price seems to have been an opportunity, similar to one at HP a few years ago, when it booked a loss but was trading at 4x cash flow.
Comments, questions or E-mails welcome: ajbrenninkmeijer@gmail.com
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