I believe there are more attractive long-term opportunities with a lower level of risk attached.
Ok, name them, don't keep it a secret.
I personally like risk, without it there is usually not much reward.
But seriously, I really don't know why these guys go on and on about risk in the fe business so much. Its not like iron is going to be replaced by some space age material tomorrow. There are an awful lot of huge investments in the iron business. Does anyone think those tens of billions would be invested without at least a reasonable amount of research?
Companies like BHP and RIO have armies of staff advising them on future prospects, and they decided to invest billions in expansion. Then along comes a two-bit journo who thinks its all too risky to invest a few thousand dollars in one of these companies. Gimme a break.
I've been buying and trading FMG for ten years. I think I can handle the risk.
FMG Price at posting:
$5.69 Sentiment: Buy Disclosure: Held
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