“Their story is intact, and they’ve now built up a lot of credibility in the market,” said Marc Gross, a money manager at RS Investments in New York who oversees $4 billion in fixed-income funds including Fortescue debt. “They did everything they said they’d do; they’ve paid down some debt and now that capex is coming off, they’re going to be producing a lot of free cash flow.”
Pretty much sums it up. And why I'll continue to invest.
“Their story is intact, and they’ve now built up a lot of...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |