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Investors and some big shareholders hated on Freeport McMoRan's (FCX -16%) blockbuster deal, but...

Investors and some big shareholders hated on Freeport McMoRan's (FCX -16%) blockbuster deal, but FCX is looking 10-20 years down the road. Copper miners have found it more difficult to find new projects in politically stable areas, and there are few deal targets: "These are depleting assets, and if you don't keep investing in new assets... you're going to have nothing left." Best to expand while you still can.
Comments (4)
  • Randy_J.
    , contributor
    Comments (31) | Send Message
     
    Excellent point! "Expand while you still can"

     

    Or do like MSFT, INTL and forget the tablet, stay status quo and grow mold! Forget about creation and recreation.

     

    I am staying long FCX and looking forward to the rewards.
    5 Dec 2012, 08:08 PM Reply Like
  • Day Trader001
    , contributor
    Comments (766) | Send Message
     
    Randy, good point. MSFT is sucking hind-tit now in an attempt to play catch-up.
    5 Dec 2012, 08:12 PM Reply Like
  • IZHAR
    , contributor
    Comments (3) | Send Message
     
    For me it was a great opportunity to buy more FCX,so i bought 100 shares yesterday and will continue to buy more as long as the price
    remains below $33. Izhar.
    6 Dec 2012, 06:06 AM Reply Like
  • OttoDogg
    , contributor
    Comments (20) | Send Message
     
    <Cough>, <cough>, ,BULLshnnnt>, <cough>cough>

     

    It's about the board looting cash-rich FCX to retake and prop up their OTHER holdings who're in debt and floundering.
    6 Dec 2012, 06:19 AM Reply Like
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