FMG 2.02% $25.70 fortescue ltd

Madamswer, your first question what I think makes a good company...

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    Madamswer, your first question what I think makes a good company is deceptively complex. But it includes:

    - being fit for my investment or trading purpose;
    - sound managment;
    - a sound board which includes or accesses properly general, business, financial, safety and industry specifc expertise;
    - loyal employees;
    - good risk managment;
    - appropriate board and managment polices, reviewed and audited;
    - a viable product;
    - an ability to supply that product in a stable manner;
    - and do so profitably, including in cyclical conditions;
    - a non-transient market for that product;
    - good customer relations;
    - sound supply and payment contracts and relations;
    - a sound balance sheet;
    - manageable debt;
    - no or limited onerous debt terms;
    - competitiveness;
    - a good brand and IP, where important (eg Coke Cola).

    There is more, but that gives a general idea. Implicit in that answer is making investment or trading decisions based on far more than market annoucements; and making fewer rather than more investments.

    Yes, I think FMG currently meets my definition. Whether yours is a matter for you.

    Good luck.

 
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