.@BobRobotti really nailed this one. $FPH https://t.co/9imR4VwqpO
“Earnings run-rate is expected to remain ~4x higher than the 2018-2020 levels. $FFH.to provides an attractive balance: downside protection thanks to the relative resilience of insurance operations through a potential recession and upside potential when markets recover.” - Scotia https://t.co/QzKUfMHGf8
$FPH - Thoughts post Q4 https://t.co/EeE0Z5Y2F8

$FPH reported strong financial results, projecting a net income of $200 million for 2025, which translates to a price-to-earnings (P/E) ratio of under 3x. The company is nearing zero net debt and has shown robust performance, with a reported net income of $178 million for 2024, despite incurring over $50 million in annual interest expenses. Analysts expect the stock to rise significantly, with estimates suggesting potential gains of over 25%. After hours trading saw the stock price range between $4.40 and $4.50, reflecting a 35% increase on the day. The company is also exploring the rezoning of its commercial acreage, which may further enhance land values.