FMG 0.00% $26.32 fortescue ltd

Such a lot of tedious nonsense put about by the two resident...

  1. 319 Posts.
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    Such a lot of tedious nonsense put about by the two resident downrampers on this thread - to what end is difficult to fathom as I struggle to accept that anyone with a functioning brain would act on their nonsensical attempts to rubbish the stock, a stock they neither own nor, apparently, short.
    As @MadCow2022 showed, the dividend is trending upward and a look at the 10 year chart shows that the stock remains firmly in an uptrend as well ...:

    https://hotcopper.com.au/data/attachments/4679/4679759-99d3768d360539fdcb17e7c844c93107.jpg
    The company is simple to understand, the product is in demand and will remain so for the lifetime of most on this forum, the company has a very low cost of production, makes eye-watering amounts of money and pays some of the biggest dividends on the market. IO is likely to remain well above the cost of FMG's production, there are very few viable competitors and there is FFI still to come. One would need to have rocks in ones head not to see the advantages of the stock and not to see through day to day market movements.
    There are not too many stocks that one might keep for a lifetime, but this one may well qualify imo...
 
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