Fontaine Pajot

We feel like a lame duck on the markets.

ALFPC.PA (ISIN: FR0010485268)

Fountaine Pajot SA manufactures cruising catamarans         

Market: Euronext Paris

http://www.fountaine-pajot.com/ 

Loss over the last quarter: -0.3 % 

Fair value: 95 €

Discount: 16%

Average yearly return: 53%

Yield: 1.19%

Outperformer

On June 27, Fountaine Pajot: * H1 OPERATING INCOME EUR 2.8 MILLION VERSUS EUR 2.1 MILLION YEAR AGO 

 * H1 NET INCOME EUR 1.8 MILLION VERSUS EUR 1.2 MILLION YEAR AGO 

 * H1 TURNOVER EUR 29.1 MILLION VERSUS EUR 24.4 MILLION YEAR AGO 

 * SEES GROWTH IN SALES OF 10% FOR FY 2016/2017

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger