Fortescue plunge reveals huge shoes to fill

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Fortescue plunge reveals huge shoes to fill

The Australian Financial Review07-30

Fortescue could use a new friend. And quickly. The stock dropped like a stone on Tuesday, taking the benchmark S&P/ASX 200 down with it.Why? Because it lost one of its two big long-term backers; the ...

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Grumpy Cat
·07-30
They had their boom when everyone was panic buying, now it's over. What will happen now is that the share price will drop down to pre-panic price and what they'll probably do is offer a higher dividend yield to attract new investors. I'm glad I sold when I said, I had a feeling this would happen.
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