I hate to write this I am long on LGDI but I am keeping my antennae up
Fidelity Investments has reported that BMO has reversed course and has downgraded LGDI to market UNDERPERFORM. I hope this is an error but I doubt it I went back and read the report twice.
This is huge and LGDI needs to address this. Fidelity is a major force here
If true, The upside is that we can accumulate on the cheap.
But one does wonder if they know something negative about infrastructure (shipping facilites) or the Chinese economy (so much chatter about the coming Chines bubble burst) or the JORC report.
Any ideas Big Phos?