Iron ore price, page-35470

Hi jhunt. Be very careful about ignoring people with contrary views. He could very well be right.
Long term the fmg share price will be based on the company earnings. It is an attractive proposition.
Short term the share price will be sentiment based. With the ex dividend happening, with iron ore prices reducing etc the company could easily be targeted by shorters pushing down the price. If the iron ore price keeps falling sentiment will become even more negative than it already is
Andrew Forrest is very savvy. I trust his judgement. Given the zero debt position of the company I wonder if he will set up a buyback to take advantage if the share price does fall to really low levels. He already buys a lot of shares himself with his own money. Given fmg is now debt free I won't be surprised if he does the same with company money.