FMG 1.10% $19.76 fortescue ltd

cheap shots left right and centre. how old are you guys?anyway,...

  1. 96 Posts.
    cheap shots left right and centre. how old are you guys?
    anyway, i am shocked at the ever declining price of IO at the moment. i topped up a few today, still got a bit in the kitty should it keep dropping though.
    LT is still heavenly. I think given fortescues recent track record in securing funding its pretty doubtful that they will default on their debt. and when you can export the gear which is currently a mandatory product in construction and one of the cheapest well, you do the math. China still growing. and india just warming up. world is still growing. may be a few safer options out there, but when your EPS are in the $2 range and there's plenty more water in the well, dont reckon we'll be sitting at $4 a share. Double that, and then some, and you'll be closer to the mark.
    I hoped to double my money in this stock within say 2 yrs. unfortunately the way the world is going, i might have to wait for 5. still not a bad return though!
 
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