FMG 1.91% $21.62 fortescue ltd

this struck me as overly optimistic.but heck.P/E = 5.97 dividend...

  1. 194 Posts.
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    this struck me as overly optimistic.
    but heck.
    P/E = 5.97
    dividend yield 13.1%
    good strategic moves via R&D and moves towards carbon neutral operations. I used to be a cynic on that front, seeing practical and economic progress with even China having a demonstrated blue skies / clean air policy tells me there is good value in this positioning.

    I think the forecasts of increased production coming online to meet demand are overstated, then add the increasing pressure towards 'carbon neutral' supply chains.

    https://www.copyright link/markets/commodities/cba-fitch-latest-to-forecast-iron-ore-price-decline-20210216-p572sc
    https://tradingeconomics.com/commodity/iron-ore


 
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