FBR sitting at R51.81 is decent value if you believe in the property recovery story. Earnings have been lum…by @franco_cape on $FBR

FBR sitting at R51.81 is decent value if you believe in the property recovery story. Earnings have been lumpy but balance sheet is solid compared to peers, and they're not overleveraged like some of these other guys. Long term play if you can stomach the volatility, property cycle will turn eventually.