FORTESCUE METAL GRP (NASDAQOTH:FSUMF.PK)

CAPS Rating: 3 out of 5

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1
Player Avatar awallejr (84.20) Submitted: 5/9/2009 12:28:18 AM : Outperform Start Price: $2.33 FSUMF.PK Score: +37.62

China infrastructure play.

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Member Avatar captainBEN (< 20) Submitted: 5/19/2009 7:56:12 PM
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With China now taking Detriots spot as the epicenter for everything to do with cars, I see this stock soaring in time. The Asian economies are booming, and now that they have had a taste of succes and middle class life there is no going back. Even if the Chinese cannot export as many goods, they will begin to become consumers themselves stabilizing there economy and continuing to charge forward.

Member Avatar awallejr (84.20) Submitted: 5/22/2009 2:47:15 AM
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I do have my doubts about that possibility regarding a burgeoning Chinese middle class. Personally I think it would be a good thing for China, but politics will always over ride since it is contra to the whole philosophy of communism.

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