FCAM: Orphan stock with favorable risk-reward
Ticker: FCAM
F&C asset management is an orphan stock that has recently gone through a rotation of practically 75% of its shareholder base and is still facing some serious issues that we are going to address. After going through a 3-year investment plan, it is now free to leverage that infrastructure and personnel investment in order to transform from a boring, low-fee asset manager to more "alpha" / high-margin investment assets. So, it has significant upside potential, while the stock still trades close to its lows, which we argue has put a floor to the stock's price, and therefore there is limited downside.
