Consider the below quotes, soon the and very soon the shorter's such as loobs are going to get burnt if they keep playing with fmg.
"A market milestone has been the Commonwealth Bank surpassing BHP Billiton as Australia's biggest stock by market value. Yet BHP's profits are nearly double CBA's."
"Despite high commodity prices and record investment, resource stocks have been written down so far that brokers are starting to recommend them again."
"'[BHP is] making the right noises about a focus on returns to shareholders and capital management. But then you wonder what the previous management was doing,'' Matt Williams, head of equities at fund manager Perpetual, says. BHP and Rio are trading at the same value they were when the iron-ore price was below $100. Today it's about $135."
"But if you take a longer perspective, CommSec chief economist Craig James says, resource stocks are going for a bargain."
Read more: http://www.theage.com.au/money/investing/dig-deep-for-a-decent-return-20130423-2ib5n.html#ixzz2RQlYXKY1
more signs pointing towards buy
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |