Not surprising, undervaluation of DOW has been around for a while, hedging confuses Australian market participants, the rail, infrastructure and mining divisions are quite a good mix and anywhere else the multiple would be higher but on ASX, no chance, a market still behaving like a throwback to the 60s, the 1860s, with Bendigo, the gold rush, immigration controls and all that.
FMG Price at posting:
$2.42 Sentiment: Hold Disclosure: Not Held
DOW Price at posting:
$4.35 Sentiment: Buy Disclosure: Held
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