FMG 1.20% $21.41 fortescue ltd

Euroaussie is perfectly correct and is not at all confusing free...

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    Euroaussie is perfectly correct and is not at all confusing free cash flow with net profit (but you are). Euro says that, given the probability of minimal capital purchases, free cash flow - which in this case is net profit plus D&A - will be strong enough to pay borrowings. His logic is fine and has nothing to do with net profit.
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