Seeking Alpha

Keep an eye on Fortescue in Sydney tonight. Days after their promotional management insisted all...

Keep an eye on Fortescue in Sydney tonight. Days after their promotional management insisted all was well with the mining business, the company slashed capital spending plans and then sold a power station to raise cash, resulting in a 2-day 12.4% slide in shares. Now the company - heavily leveraged to Chinese steel demand - is apparently on the horn to convince lenders to take a piece of a $1.5B loan.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs