The Female Health Company (NASDAQ:FHCO) has seen an impressive run-up in recent months (up 37% YTD as of 6/20/2013 and 80% since last year's lows) on the back of strong earnings results, an increase in the annual dividend, and a general strong market for micro and small-cap stocks. Other recent articles on SA have provided compelling discussions on the merits of the company and indeed FHCO is a stock that I have held in the past as it's a great story on the surface, with all the traits I usually look for in small-cap stocks: high free cash flow business model, shareholder friendly management heavily invested in the company, unique product with a compelling value proposition, and significant...
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