FMG 0.84% $18.34 fortescue ltd

fmg the lehman of the commodities bubble?, page-56

  1. 20,409 Posts.
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    Rod
    I agree this level is likely to remain Simply making the point that even in a slightly higher IO price environment 110, FMG seems expensive. If this IO collapse happened a couple of years later FMG would be better placed to deal with it, unfortunately given their debt it's happening much too soon .
    A big CR is the answer. Stop the downward spiral early . Think 1.5 -2 billion needed at least
 
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$18.46 $18.61 $18.28 $56.65M 3.072M

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