FMG 3.61% $20.10 fortescue ltd

re: australia's greatest value investors says, page-7

  1. 7,247 Posts.
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    re: australia's greatest value investors says "But I digress, FMG – based entirely on 2010 consensus analyst forecasts – is worth $1.90 to $2.00. Another caveat – consensus analysts predictions could be wrong."

    I have news for Mr Consensus. At this moment FMG is worth $4.07 per share. What Mr Consensus or anyone else thinks it is worth is about the most useless information I can think of.

    I have laughed all the way to the bank for six years on this one, as experts from the big banks, journalists, rival companies, brokers, have all talked it down ad nauseum.

    Never forget that FMG is the all time best performer on the ASX by a wide margin. A lot of critics are sick about that.
 
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