Forgent Power Solutions (FPS) Names A New CFO, Is The Stock Too Expensive?

Forgent Power Solutions (FPS) is back in focus after a sharp CFO transition. Ryan Fiedler has stepped down and long time finance leader Amy Ard has taken over the role. That leadership announcement landed on a rough tape for Forgent Power Solutions, with the stock’s 1 day share price return down about 21%, capping a 7 day share price decline of roughly 23% that pulled the latest close to US$24.92. Over the past month the share price return has fallen 35%, while the year to date share price...