Fabo, I also have been watching Fidelity. They have made a number of disastrous calls. However, these investments "appear" to be held in overseas portfolios, not those managed in Australia. Either way, there is something amiss with Fidelity to be getting stock selection so badly wrong. One issue that Glaucus highlights is that of charging fees on gross assets. I have never been a fan of this as it can encourage higher debt levels. However, it is disclosed and investors are aware of it.
BLA Price at posting:
$10.40 Sentiment: None Disclosure: Not Held
