AFAIK - Morningstar Premium is not based on fair value, but more on long term risk. If you were going to get a 10 million dollar margin loan at high LVR, I wouldnt put it on FMG. So if you're risk adverse, I'd sell FMG. If you aim to retire a multi-millionaire early....buy.
"Morningstar acknowledges its rating system is a quantitative measure of a fund's past performance that is not intended to accurately predict future performance."
so basically they're not looking at the iron ore price.... which has a small impact on this companies bottom line
So they're not wrong, you just need to understand what you're reading......then toss it in the bin
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$19.97 |
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0.425(2.18%) |
Mkt cap ! $60.44B |
Open | High | Low | Value | Volume |
$19.73 | $19.97 | $19.57 | $50.18M | 2.537M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 5303 | $19.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.97 | 15777 | 11 |
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No. | Vol. | Price($) |
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24 | 3912 | 19.900 |
11 | 4610 | 19.890 |
10 | 3952 | 19.880 |
9 | 3721 | 19.870 |
12 | 3641 | 19.860 |
Price($) | Vol. | No. |
---|---|---|
19.910 | 1801 | 9 |
19.920 | 2479 | 8 |
19.930 | 4342 | 12 |
19.940 | 4564 | 7 |
19.950 | 17469 | 11 |
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