I suspect Sam W's response will be "all of this was...

  1. shakattack
    1,167 Posts.
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    18/11/14
    17:38
    Post #: 14309847
    I suspect Sam W's response will be "all of this was anticipated"... they have successfully destroyed the mkt cap of small and mid cap iron ore companies (value destruction achieved c $1b) and in the process have successfully destroyed >$10b of their own shareholders value

    Sam W is now writing a book on "Strategic Value Destruction" ... co-authored by Tom A

    DYOR
    FMG Price at posting: $2.97 Sentiment: None Disclosure: Not Held
    RIO Price at posting: $59.47 Sentiment: None Disclosure: Not Held
    AGO Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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