That good old Citi report is getting plenty of airplay. I suppose that's the objective when you come up with something sensational. Wether it's believable or not is of little consequence to the mass media. Nor to Citi - as long as it gets coverage and sells!
Always check if the analyst (this guy is Ed Morse) is good or not. As an indication - his last FMG review (11 months ago) had them a screaming buy and valued north of $5.00. The Citi analysts don't seem to be too far in front of the game to me - obviously there are plenty better reports that can be relied upon.
Oh well, at least they are in the news for a day or so and the Citi brokers got to call a few clients. Mission accomplished!
FMG Price at posting:
$1.78 Sentiment: Hold Disclosure: Held
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