Iron ore price, page-5162

I'm in today at $4.99.

Undervalued and due for an upswing in my opinion.

From Motley Fool....

"Fortescue is currently trading at a P/E ratio of 5.6, and an enterprise multiple of 2.9 based on the trailing 12 months (an enterprise multiple is the enterprise value of a company divided by its EBITDA).
In fact, you’re unlikely to find a cheaper company based on enterprise multiples on the ASX. Similarly, Fortescue has the lowest Sonkin ratio of any company in the ASX200.
The Sonkin ratio is a tax-adjusted enterprise multiple and helps you to understand how much you’re paying for a company’s after-tax earnings. Fortescue currently trades at a Sonkin ration of around 6.7, meaning that at the current market price, investors are paying $6.70 for every dollar of after-tax earnings.
For comparison, BHP Billiton Limited (ASX: BHP) trades at a Sonkin ratio of over 20, Rio Tinto Limited (ASX: RIO) over 15, and Newcrest Mining Limited (ASX: NCM) at over 28. Three of the four big banks are over 20. REA Group Limited (ASX: REA) is over 45.
On top of this, the current dividend is over 10%. With a 30% increase in the spot iron price over the last few months, the bottom of the cycle may be near for Fortescue."