Will FMG be taken oven?, page-62

I here you, but have a different view. Debt is always bad IMO. It may be ok to a certain level if things are going well. Right now we have the opposite in IO. Things are bad and probably going to get a lot worse. You need to stay away from these debt ridden companies. No matter how much they are ramped or how cheap they may look. Especially considering we have no idea how bad it will get and how long it will last. As for brokers i pay ZERO attention to them also. I don't care if they say a $1 stock is worth $100 or a $100 dollar stock is worth $1. So when they say that IO going to $50 or $60 or what ever, i just ignore it. Right now i am not short FMG nor long. I will wait for a rally on this stock, and look to get short again. I do predict that at some point FMG will be trading under $2. So if it can rally towards say $3.30, would be
a fantastic short. If you must own an IO stock. It is better to get into the low to no debt ones like MGX, BCI. Cheers.