FMG 1.91% $21.62 fortescue ltd

Good Post RedRock, I am considering an entry point for a decent...

  1. 190 Posts.
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    Good Post RedRock,

    I am considering an entry point for a decent size holding over the long term and am not so much concerned about the small fluctuations in the SP - I don't have a degree in accounting but a quick glance over the financials makes me somewhat concerned there is a $10B debt and with 47% production cost it can fast become not so viable.

    So for me it might be ok (as a long-term investor) but for those who want a quick exit and handy buck or two I can only see danger signs - the mortgage lenders have no mercy and the odds seem to stack up in favour of shorter.

    I can't see a quick recovery from this point unless something major happens who knows.

    Definitely worth watching this space.
 
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