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.
I’ve used debt to buy FMG years and will continue to do so...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |