Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX)
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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FCX is a prime supplier of copper to the world with a gold stream to boot. Driven by a growing world economy with particular dependency on China, this company will do well as the world comes out of recession. (Just get out before the China real estate bubble bursts). 2.2% yield beats the bank.
Oh, and the chart looks real nice right here, good cup base with a handle forming, ready to break out.
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Paper at the end of the day is worth nothing. Absolutely nothing. Our country is headed toward (in) a huge debt crisis that is underplayed by the media who favor covering Europe. Our country is unloading tons and tons of dollars into the market. Inflation, deflation, the future outlook is not good.
Gold is the only thing that matters at a time like this.
As well copper wire is the only defense against an emp pulse... just saying.
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China and other developing nations will have high copper demand which will keep prices high.
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Big bounce back year; The middle class everywhere, even China and India, need plumbing
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It is a great company. It is too cheap. It pays a nice dividend. One can pick it up cheap now, and wait for sentiment to improve.
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this co. has the largest gold mine & the second largest copper mine on earth. And assuming that China & India keep on growing the prices of both metals hold firm & the record lo PE ratiolooking forward higher stock prices on FCX seem all but assured.
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Top-Shelf.
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It looks like its recovering after getting beat up. Copper prices should recover and the stock will perform well.
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China's slowdown will hit commodities hard!
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Safe dividend while the global economy struggles to find growth, but once it does begin to find its footing Freeport will pop. You'll want to be positioned to capitalize and be paid to wait. I suspect sometime over the next 5 years you'll get a sustainable rally based on the hope of future growth. FCX can provide the beta to profit in that environment.
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This article outlines some of the reasons why I think FCX will outperform the market - http://bit.ly/rQu4X4
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Commodity play. Good cash flow.
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As China recovers and FCX settles strikes with miners, copper prices and other factors will send this stock higher.
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The demand for resources will be strong as the world modernizes...
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Now that the Euro is stabilizing, and the US economy is recovering, commodity prices will go up again and FCX will go up as well.
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Copper rebound + strike resolution!
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I bought in at $29 and it's chugging along. I just hope they stop killing workers at the mines.
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Undervalued.
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Freeport McMoRan FCX, own the worlds largest copper and gold mine. It has lost 27% in last three months.
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