FMG 1.86% $19.54 fortescue ltd

Worst case value 70- 92cent, page-82

  1. 6,475 Posts.
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    imho FMG's AIC excluding debt is USD78pt. My calc is a couple of months old, although at best knock off USD5pt. The model is robust and I'd rater keep it to myself. I'll be blunt and state that the only value that FMG has for me is as a Shorting opportunity, so maybe I'm biased, so DYOR. On a trip so no more on this. Early next year will be the washout. Good Luck
 
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