Chart for FGE is horrific. FGE a proven engineer but investors got hammered in late 2008 and many stks dropped by 60+%. Some lost 70-80% in this sector eg. NRH, IDL, MAH etc etc. I'll buy when PE ratio is 5.0-6.5 range. If commodity prices continue to plummet and panic sets in re Iron Ore oversupply then $3.75 is likely and $3.30 not unimaginable. this is despite high ROE for FGE. nothing is sacroscent is a mkt gripped by fear.
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