$83.80 -1.38 (-1.62%)
12/3/2009 4:01 PM

Freeport-McMoRan Copper & Gold, Inc. (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.

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Member Avatar reachnvj (84.69) Submitted: 1/26/2009 11:00:49 AM : Underperform Start Price: $25.90 FCX Score: -191.00

Huge loss reported (about $14 billion). What followed that was even worse. The Company plans to issue common stocks worth about $750 million so that it can pay off its debts.

Expect the current stockholders value to be diluted and the Company's stocks to underperform in this economy.

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Member Avatar FinancialModeler (96.22) Submitted: 4/3/2009 3:08:55 PM
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A little too late on this one m8... ;-)

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Member Avatar blackmonday2007 (36.80) Submitted: 4/6/2009 7:14:08 PM
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Its all about copper prices plus cost cuts not past losses dilution not till preferred convets in 2010

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Member Avatar TheVegasYankee (89.52) Submitted: 4/8/2009 1:32:11 PM
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got into it at $30, so i did ok

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Member Avatar TheVegasYankee (89.52) Submitted: 4/8/2009 1:32:26 PM
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got into it at $30, so i did ok

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Member Avatar TheVegasYankee (89.52) Submitted: 4/8/2009 1:32:39 PM
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got into it at $30, so i did ok

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