FMG also managed to edge higher on Monday, a solid performance on a day that saw equities and iron ore decline. Twiggy Forrest’s iron-ore miner traded ex-dividend 89c fully franked last week; our preferred scenario is similar to BHP, with a trading range of $15-19 being our “Best Guess” into Christmas.
- We’re long and wrong on FMG from ~$21, however we continue to like it at current levels, given peak bearishness towards Iron Ore —MM owns FMG in our Active Income Portfolio.
MM is likes FMG for Income around $16
Add To Hit List
