Depends on your timeframe I suppose.
From a longer term investment point of view their earnings are immune (at the moment) from these issues (widespread outbreak may change that, but I'm yet to be convinced it will be anywhere near as bad as the media want it to be).
From a shorter term view, the market will sell off everything, then bounce, then sell again. rinse and repeat.
What that means for me, as a longer term investor, is that there are days where this is a bargain and an opportunity to top-up (in addition to getting some cheapies through the DRP)
Iron ore price, page-19974
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Last
$19.22 |
Change
-0.270(1.39%) |
Mkt cap ! $59.17B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.55 | $19.22 | $85.01M | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27260 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.33 | 100 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |