This is what is has to do with FDL. Glenn Rosewall MD of BBY on Lateline last night
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"Well, on the big resource stocks, we've actually just seen earnings upgrades for both Rio and BHP Billiton. So, we don't think they're expensive stocks. I think they still have to be attractive even though they're fighting amongst each other. In terms of the other big resource companies, Fortescue is a stock we've followed for quite a long time, since early 2005 and I think the share price has increased by 36 times. So, as Graham said, a lot of good news in that share price. We actually wrote the stock as a hold at the present time. And we actually like a lot of the emerging mining companies. We think some of the emerging mining companies are very cheap, they're companies like Murchison's metals that are trading at 50 per cent of our analyst's valuation, so, there's plenty of buying opportunities out there "
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Cheers
D
FDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
