FBR & Co.: 2.9x Ex-Cash Earnings With Efficient Cost Structure Means 70-85% Upside
- Management is aggressively buying back stock.
- Exceptionally low fixed costs and cash position insulate company from losses.
- 70-85% upside.
FBR & Co through its subsidiaries, provides capital raising, securities sales and trading, merger, acquisition and advisory services, proprietary investments, and venture capital and other asset management services.