AFAIK - Morningstar Premium is not based on fair value, but more on long term risk. If you were going to get a 10 million dollar margin loan at high LVR, I wouldnt put it on FMG. So if you're risk adverse, I'd sell FMG. If you aim to retire a multi-millionaire early....buy.
"Morningstar acknowledges its rating system is a quantitative measure of a fund's past performance that is not intended to accurately predict future performance."
so basically they're not looking at the iron ore price.... which has a small impact on this companies bottom line
So they're not wrong, you just need to understand what you're reading......then toss it in the bin
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21 | 10466 | 19.350 |
21 | 8611 | 19.340 |
13 | 5354 | 19.330 |
19 | 6482 | 19.320 |
Price($) | Vol. | No. |
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19.370 | 3100 | 11 |
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