FMG 0.45% $22.10 fortescue ltd

bought my first fortescue load today, page-10

  1. 186 Posts.
    how about get out and save your capital
    average down.......?
    on a company that has yet to turn a profit, carrying large debt, with a single product, to pretty much a single market.. and that market is now shrinking (if you have'nt read the press that china has worked out it's slowing quite rapidly)
    how did you fall into enough cash you can drop 250K into what is effectively a punt ? I can't imagine it was making decisions like that...
    (if china slows too much FMG is is big trouble, if china picks up again next year, FMG is ok)
    or are you just full of shi* ?
 
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2 9803 $22.09
 

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