Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX)

CAPS Rating: 4 out of 5

Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.


Player Avatar ETFinnovators (< 20) Submitted: 10/7/2008 5:02:02 PM : Outperform Start Price: $21.10 FCX Score: -22.63

FCX is a good example of a value play (trading at less than 5X forward earnings) resulting from the broad-based sell-off in commodities and forced hedge fund liquidation. The stock has broke below the $40 level on this week's market sell-off, resulting in a dividend yield over 5%. This is my favorite pick as a leveraged, high beta play on the eventual market recovery.

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