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With great income. This is a very unusual time, my word for the “Market” is Wonderland as in Alice.
Up is down Down is up. FSUGY will be just fine but I highly recommend Natural Gas MLP’S.
EPD is the safest but ET is moving higher.
Best Luck to All
John
to being old I did Stagflation and fought it with youth and smarts, not having. either this time around
I had to rely on knowledge and experience to retreat to only safe investments last year.
Best Luck
John
month for me and I will continue to buy. I rode 200 shares all the way down. I now have 410 I will continue to buy to increase my holdings to at least 1000 I hope to get my basis under $25.00 or less.
The turn has happened and although they may not get back to $40.00 for a long time they will go up.
China will not keep their steel mills closed and risk permanent market share loss and will settle for a partial
victory in reducing Iron Ore input cost. Fortescue will obviously use this period to diversify their customer
base as much as possible. Being the lowest cost producer they of course will take share from the three larger
but higher cost mines. This reminds me very much of the period after the crash in 2020 I had great distribution units one got down to a $1.68 a unit and paid $.66 distribution unreal. Of course this is not a
universal crash just a strategic attack on the Iron Industry but the opportunity is huge.
I know these boards have agenda driven statements, that’s not me, I sincerely want everyone to do well
I have been blessed to even be functional.
I hope my ramblings help anyone, as a kind soul helped me about the $1.68 shares I paid $9.00 for which
ended today at $8.44: it still pays $.66 but if you bought and bought at 2,3,4,5,6,7 it does add up.
He told me they are a solid company not going away buy all you can.
The time to buy is when it’s down of course it could dip lower but it will recover over time.
Best Luck to All
John
Best to all I will be reinvesting my dividends.
John
Have been recommending this to my friends on MLP boards, similar strategy.
High hard assets nice cash income. Would push even harder my own investment if not for China.
I was steadily adding then Schwab started charging $6.95 per transaction so no more 4 share purchase’s.
Much less the occasional 1 bought quite a bit that way. Definitely in my open to buy range as cash flows
in.
Best Luck
John
(yoy) Q.E.G. of 1184.3%. These are AMAZING NUMBERS!
On the minus side-Under Historical Data: Annual Stock closing price 12/01/2014 $4.45, 2015 $2.68, 2016 $8.38, 2017 $7.64,
------------------------------------------------2018 $5.95 and currently @about $12.00/share. Add to these the irregular dividends,
there is a lot to be desired.
For the current and next year, at the least, a quarterly dividend of $0.30 or a semi annual of $0.60 should go a long way to prove the validity of the "statistical" estimates of the company's growth to be trusted.
Currently owns 5k shares and FSUGY may soar again to a higher level (imho).
Iron is definitely one. I added a little FSUGY to lower my basis and will add more as some of my distributions come in. Fortunately my first purchases were under $35.00.
Would any long term holders have some thoughts to share as to dividends stability.
Regards
John