I’ve used debt to buy FMG years and will continue to do so anywhere south of $50 per share. I’m not a delusional boneyard. I started doing this at $1.80. I’m 34 and financially independent thanks to this strategy. Dividends go to debt payments every six months- repeat indefinitely. But thanks for your concern.
I would argue anybody who can’t see the value staring them in the face is a delusional bonehead. It’s probably the easiest company to value I’ve ever seen in the traditional Ben Graham sense- the margin of safety is just enormous.
Iron ore price, page-34658
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |