FMG 3.61% $20.10 fortescue ltd

Does it need to go to $30 next year to be a buy today though? I...

  1. 151 Posts.
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    Does it need to go to $30 next year to be a buy today though? I take your point about diminishing returns but that argument could be used at many price points. Personally i don't think FMG is valued at todays IO price but the market is a strange beast so who knows what will happen if/when the IO price falls.
 
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