POWER!!!! Fortescue Future Industries, page-4620

Yo Tony,

Mate, I've just read yet another "expert " analyst's report on Fortescue talking down our SP due to falling IO prices. Fair enough.

However, it, like every "expert" report I've read, didn't even mention the massive realigning of Fortescue's activities. The only mentions I've seen have marked Fortescue down due to the CE involved.

I've come to the conclusion, Tony, there are only 2 choices in this conundrum....either...
1. We are deluded fools....or....
2. They are incompetent idiots

Take ya pick folks! We probably won't settle the issue for at least 5,maybe 10 years.

What I do know is, if I'd listened to their hopeless advice I would have missed out on circa a million bucks in dividends over the past 5 years. On the coming dividends the current yield for Fortescue is 12.2% + roughly 3% franking.(=>15%) ....no mention of that either.....yeah, I know, that's no guarantee of future performance.

It does, however, indicate some degree of competency on Fortescue's behalf, unlike the incompetent analysts sitting in their ivory towers.

Settle back T. Settle back fellow and fellowette investor folks and enjoy the unfolding adventure evolving on our screens, who really knows how this movie's gunna end? It sure ain't me!, Wes