Magic Hat Portfolio: FXPO stays in

Metals & Mining company FXPO (Ferrexpo) is due to be kicked out of the portfolio by rotation. The market reacted badly to its recent trading statement, and it has a Stockopedia StockRank of 68. It is down 36.4% since purchase.

I would be happy enough to kick it out of the portfolio and swap it in for something else. FXPO still qualifies for the Greenblatt screen, though. It has a low PE and high yield. Its debt levels are reasonable. It seems like the kind of stock that would qualify for a “Dorfman Robot” portfolio.

Value shares could well be due for a comeback (Any Day Now TM), so despite my displeasure, I’m going to keep it in. We shall see.


About mcturra2000

Computer programmer living in Scotland.
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