FMG 5.53% $20.14 fortescue ltd

Well that makes sense, but reading between the lines then FMG...

  1. 96 Posts.
    Well that makes sense, but reading between the lines then FMG made $2.6 billion in the last 6 months?
    Right, that's promising. $5 billion annually would indicate a p/e of 3.5.
    Nice twiggy.
    Remember the articles when io went to$85 and fmg dropped a couple of dollars, saying "how to lose$1.8 billion in a month"? Not so many articles on the flip side about the founder....
    Who to believe? Well I'll back on the company who's just put $10billion on the line over the journo or analyst.
    You just seem to be able to trust this company. These happy days are yours and mine
 
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