I'm not bearish on this (and haven't been for a while, if ever...) just for clarity of where I am coming from.
But, to attempt to answer your question - I think the only case to be bearish here is the danger of FMG being a single-commodity company. The exact reason for its strength over the past 12-24 months is also the reason a case can be made for eventual weakness.
It's a little crazy - as the diversification of companies like Rio and BHP hasn't added all that much to their bottom line over the past 24 months, it has all be IO. But because FMG don't have that diversification it trades at a (not insignificant) discount to those 2.
Iron ore price, page-28539
-
- There are more pages in this discussion • 24,669 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |