FMG 0.45% $22.10 fortescue ltd

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    http://www.thebull.com.au/articles_detail.php?id=1720


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    Fortescue Metals Group (FMG)

    This iron ore company will benefit from a $645 million investment by Chinese steel maker Hunan Valin. However, we are expecting weak March quarter production numbers from Fortescue. Negative iron ore price negotiations will continue to weigh on sentiment for FMG in the short term. FMG’s current share price looks a little stretched on a valuation basis.
 
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