Prisoner Bond (housed at Wooroloo Prison farm) only raped and pillaged giving nothing back.You can get lots of crazy ideas starring at charts.
Maybe take a look at the fundamentals, and its earning power over the last 5 years and see if it compares to Bonds.
I will gives you a hint, just in dividends alone, FMG has return over 100 times the amount investors originally put in to start the company, does that sound like anything Allan Bond did?
Little fat prick.I actually read a book on Alan Bond last year (picked it up cheap at the salvos), he was a colourful character, but had the heart of a conman who hoped to cover his tracks through wild speculations he hoped paid off.
The is no real comparison to Twiggy.
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Then he gives most of it to charity.Less employees, wages, super etc etc and more moolah for Twiggy as he obviously gets the elephants share with every divi
You want the original entrepreneurs with a high stake in a company, controlling/influencing the company. Long term incentives vs short term bonus packages.Less employees, wages, super etc etc and more moolah for Twiggy as he obviously gets the elephants share with every divi
@joeno While Twiggy holds the reins and has the "right" people around him every chance your post could be true.You want the original entrepreneurs with a high stake in a company, controlling/influencing the company. Long term incentives vs short term bonus packages.
I think FMG could easily jump over the market cap of the Big 4 banks.
The dream is FMG becomes a systematically important international supplier of iron ore and other services through innovation, low expense and a high profit margin business model and become a Top 3 ASX company.
i heard a bit of criticism of Mindaroo, in that, when approached for money for disaster resilience, they won't put money into research or background stuff, but seem happy to grab headlines.@joeno While Twiggy holds the reins and has the "right" people around him every chance your post could be true.
Could you imagine how many people approach them for money every week?? refusal often offends, but is necessary.i heard a bit of criticism of Mindaroo, in that, when approached for money for disaster resilience, they won't put money into research or background stuff, but seem happy to grab headlines.
I'm not privy to Twigg's donations but only from what I know from people he has helped.Could you imagine how many people approach them for money every week?? refusal often offends, but is necessary.
It's in funny though that no matter how much money you give away there will always be cynics that will say you didn't give enough, or didn't give it in the right ways, or that it is really because you have some evil agenda, or they are just upset you didn't give it to a charity they control.
i don’t think that guy has written a positive article about Iron Ore at any time in the last 15 years. His daily articles on the demise of iron ore for the past 15 years are laughable, he is a perm bearNo comment, it's a Morningstar take with dense reasoning and jargon, I zoned out.
His one line conclusion: "I believe FMG will survive but not by much. And yes, I got shorts."
Not Held
Never been a fan due to the debt, single commodity cf BHP, and 'friend of China' Twiggy.
Fortescue bubble to burst
A bubble, in fact. Morningstar with the note. Fortescue is the world’s fourth-largest iron ore exporter. Margins are well below industry leaders BHP and Rio Tinto, and some way behind Vale, meaning Fortescue sits in the highest half of the cost curve. This is a primary driver of our no-moat...www.macrobusiness.com.au
A shorting fund manager, enough said.i don’t think that guy has written a positive article about Iron Ore at any time in the last 15 years. His daily articles on the demise of iron ore for the past 15 years are laughable, he is a perm bear.
Macro business Is a joke, read their stuff at your own peril imo
Basically his bearish argument boils down to that he sees long term Iron Ore prices dropping to averaging U.S. $70 per tonne over the cycle. Its possible but it seems unlikely to me. We are living in an inflationary world so I just do not see that happening.No comment, it's a Morningstar take with dense reasoning and jargon, I zoned out.
His one line conclusion: "I believe FMG will survive but not by much. And yes, I got shorts."
Not Held
Never been a fan due to the debt, single commodity cf BHP, and 'friend of China' Twiggy.
Have you seen the 9 articles beneath it bagging out iron, it's a typical shorters heckle.Basically his bearish argument boils down to that he sees long term Iron Ore prices dropping to averaging U.S. $70 per tonne over the cycle. Its possible but it seems unlikely to me. We are living in an inflationary world so I just do not see that happening.
Iron Ore could definitely drop to $70 or even lower, but that’s not really important, what is important for the long term holder is the average price, eg 6 months at $70 and 6 months at $130 is an average of $100, we only need Iron Ore to average $95 or so for FMG to be a great business worth $30.Basically his bearish argument boils down to that he sees long term Iron Ore prices dropping to averaging U.S. $70 per tonne over the cycle. Its possible but it seems unlikely to me. We are living in an inflationary world so I just do not see that happening.
And he has been writing those articles multiple times a week for yearsHave you seen the 9 articles beneath it bagging out iron, it's a typical shorters heckle.
Why waste your energy and time on so many articles unless of course, you're making money out of it in some way?
I agree that is why I said "$70 per tonne over the cycle". Sure $70 could happen but I don't think it would stay there for long as too much iron ore production in the world would shut down at that price.Iron Ore could definitely drop to $70 or even lower, but that’s not really important, what is important for the long term holder is the average price
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