Fairpoint (LON:FRP) Press coverage states that a previous source of concern over group earnings may have gone away. seems the government have shelved a reform around minor motor accident injuries, specifically the operation of whiplash claims.
Just what i'm thinking too ! Even if the dividend stays the same for 2 years - It's a great yield at this price. It seems to stay under the radar until word about growing profits made from the legal businesses filters through & if you're not invested you miss the first big leaps of the S.P. I've added today :) Good luck to all invested.
I guess drop reflects uncertainty over stated intention to transition fully from debt market to legal services. But latter looks promising - and holding the (very decent) dividend shows confidence of this (which is a link they actually make in the RNS). I will continue to hold while income keeps coming.
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