Freeport-McMoRan Copper & Gold, Inc. (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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Freeport-McMoRan is in a stable and booming industry. Gold and copper are at record prices, and show no signs of slowing. Freeport-McMoRan appears to be a stable company that has always performed well in a booming industry.
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Excelent earning growth, sales grouth, return on equity and the need for copper of some nations like China India Rusia and other emerging economies, make FCX and exelent company to keep prospering in the next five years and beyond.
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Selling at less than book value. when economy recovers will be a leader as demand for copper will grow early in cycle.
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Everything connected with metals will go up.
That's a fact.Even if the housing is bad now, the people will not stop having children, so they will need more houses/metals.
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the big boss dumped all his stock at around $20.....big cleanup lawsuit in Oklahoma.....things are looking ugly here.
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Copper and gold are going up. Existing land based mines are almost tapped out. Shortage of supply with increasing demand from India and China will drive up the stocks of producers.
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METALS AND MINING
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rate cute -> no save haven anymore
Target 12 till mit 2009
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Price and P/E, Bottom feeding! I hope..
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outperform, based on cst ranking 12/12
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It's FCX! Copper is on its way up, and Freeport will definitely be riding the wave!
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still going to be a need for copper and gold has stable value during unstable times
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great mining co. way unervalued 10/9/08
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Many of these are a little beat down and will rise again.
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Us and International Copper play and moly

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