FMG 4.01% $19.73 fortescue ltd

FMG Technical Analysis, page-925

  1. 2,060 Posts.
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    FMG is fundamentally better off than 3 years ago last time sub 4.65 and also better off than 2017 imho.
    Margins and cashflows are still strong, debt is half it was and loan interest is $200Mpa less than 2016.

    To look at the tonnes shipped is like looking at the stock movement inventory & topline revenues and nothing else which is not a satisfactory financial analysis on any metrics.

    Look at debt, AISC and FCF.
 
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