Tuesday, June 5, 2012

ASX200 past sell-offs

Looks fairly range bound, and we're at the bottom of a value range.  Good time to consider ASX equities.  Cyclicals like bhp are at gfc lows in terms of valuations, with still fairly good margins.  A good article from Bronte Capital about margin compression, and how FMG is operating in a fairly risky iron ore segment based on their continuing capex and financing structure.