FMG 2.00% $18.33 fortescue ltd

Iron ore price, page-43476

  1. 3,201 Posts.
    lightbulb Created with Sketch. 1000
    yes, the highest for years because we were always undervalued. Today's PE of 4 shows the market still expects IO to drop more & FMG will drop with it as we remain ever so tied to the IO price.
    Even a PE of 14 is cheap IMO. Everyone is still pricing in the collapse of China...

    trailing dividend gross yield is 17.5% i estimate...either way, IO is dropping right now... FMG will drop with it, even it drops to $14 again I'll put in a bucket load.
 
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