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terps1975 (< 20)

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December 05, 2012 – Comments (1)

Why is fcx down...opinions pls...saw they acquired some oil assets. Confused

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#1) On December 05, 2012 at 6:39 PM, Mega (99.96) wrote:

Most acquisitions are unsuccessful, especially if they pay a large premium, especially if they are outside the acquiring company's industry.

The average FCX shareholder doesn't particularly want to own MMR and PXP, and if they did they could have bought shares themselves at a much lower price.

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