I am currently reading the intelligent investor. This stock is ticking all the boxes that are listed in that book. Low P/E low P/B low P/S ... The market is scared because of the Iron ore price and that presents a buying opportunity.
I am wondering if anyone knows of any serious issues that this stock may encounter in the next few years that many people maybe overlook?
If i'm not mistaken this is a low cost producer and will be able to weather the falling iron ore price.
Buying Opportunity.
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |