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BSmith8592

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  • Why Freeport McMoRan's Upcoming Energy Spin-Off Won't Help Shareholders [View article]
    This author needs to a lot more research! I bought FCX in 1997 as a gold play. I will admit this is, was, and will continue to be a very volitile stock. The management, Jim Bob in particular are risk takers and almost always surviving bad circumstances and eventually reward shareholders who stay the coarse. Copper, oil amd nat gas are assets that are sure to recover if past history is any guide. I have watched this stock rocket up and come screaming down on at least 4 cycles in the last 20 years and this time is no different. Not many expected to see oil plunge the way it did and with the events in the Middle East being what they are, I for one would not bet on oil staying in a $40 to $60 range for a long period of time. If world economy pushes up Copper could easily see $4 again and while gold is not the FCX player it once was, how many mines like Grasberg have been found in the last decade?
    Jun 30, 2015. 08:06 PM | 4 Likes Like |Link to Comment
  • Freeport-McMoRan Continues To Bleed [View article]
    Wait 2 years then let's judge how poor FCX decision making is.
    Apr 24, 2015. 04:43 PM | 1 Like Like |Link to Comment
  • Freeport McMoran not likely to sell assets, CEO says [View news story]
    I plan to stay long unless there is no hope for recovery....I still think the world will see shortages in copper and eventually oil and this stock has the potential to come roaring back to fresh highs. Not next week, but in the next few years.
    Feb 23, 2015. 04:18 PM | 3 Likes Like |Link to Comment
  • Freeport McMoRan could cut dividend in Q1, Morgan Stanley says [View news story]
    DUH REALLT?
    Feb 2, 2015. 08:12 PM | Likes Like |Link to Comment
  • What To Expect From Freeport-McMoRan's Earnings Report [View article]
    My thoughts exactly
    Jan 17, 2015. 12:40 PM | 2 Likes Like |Link to Comment
  • What To Expect From Freeport-McMoRan's Earnings Report [View article]
    Time will tell. The stock that I Still own is all from profit that I took before the split when I sold my original investment at $120 per share.

    Anyone with half a brain can badmouth Any commodities oriented corporation as volatile as Freeport is. Predicting a lower cost for commodities is a sure bet. In the current environment they will surely go lower and will surely go higher.

    It's always possible we will have a total and complete financial meltdown and the dollar will lose 95% of its value and we will all be standing in bread lines for a cup of soup and a crust of bread. In which case it won't really matter what stock you have invested in or when you take your profits.

    I believe it's much more likely that oil, gas and copper will remain in demand for decades to come and Freeport will survive the short-term obstacles and continue to pay handsome rewards to those who stay the course. Investors like Warren Buffett buy and hold stocks for the long term and they have proven to be very successful.
    Jan 17, 2015. 12:00 PM | 2 Likes Like |Link to Comment
  • What To Expect From Freeport-McMoRan's Earnings Report [View article]
    If you know what the future prices of the most important commodities sans food why do you waist time telling all who read these comments....You should be too busy making millions with highly levereged futures, options and derivitives. Lets see some specific stratagies and lets judge just how profitable you would be with actual facts instead of wild speculation. I think holding on for the long term beats your guesses over 2 years.
    Jan 16, 2015. 03:59 PM | 7 Likes Like |Link to Comment
  • Barclays bullish on steel, neutral on copper, cool on coal [View news story]
    FCX has been a very volitile stock for the last 20 years, I have owned this since 1995 when I was looking for a good gold play. Since the purchase under $11 per share I have been holding on for a very wild ride to $60 then back to single digets...This latest down draft will pass like all of the others in the past. Like Aaron Rogers said R E L A X ... the assets owned by FCX are truly extrordinay even with the dept included. Wait 2 years and this picture will look much better. This is not a widow's and orphand's investment but I believe the long term outlook is bright.
    Jan 15, 2015. 04:58 PM | 2 Likes Like |Link to Comment
  • 5 Concerns Over Freeport-McMoRan's Outlook [View article]
    Just as likely to see $75 oil and $3 copper if world economy does not tank and remains roughly unchanged and I believe a more likely future is $90 oil and $3.50 copper with US economy continuing to lead the world to more oil, gas and copper demand.
    Jan 9, 2015. 11:43 PM | 4 Likes Like |Link to Comment
  • Freeport-McMoRan declares $0.3125 dividend [View news story]
    I love these comments....I have owned this stock since 1997 when they were beginning to reap the reward from Grasberg...I sold my original investment after 600% increase in stock value...1/6 of the value at the time... I bought it as a Gold play and was richly reward for my investment against my brokers warnings about how risky FCX was with Jim Bob having most operations in ustable Indonesia....since then I decided I was holding this stock nomatter what the value was since I had already recovered my origionl "risky bit"...I"VE been waiting for a huge rebound, all the while collecting and reinvesting the juicy divedends...FCX now has vastly more proven reserves than when I bought in...Just the oil and gas could eventually pay off like the lottery...FCX has bet on the investment in the Congo ...now thats an unstable 3'rd world bet that paid off...oil and gas from ultra deep wells in the gulf was a risky bet that I believe will JimBob who recently purchased 1 million share, is not making a blind bet...I'm willing to let my 100's of shares ride when JimBob bet a million shares) any day could being news that one of these wells begin producing from a 1 trillion cu ft of gas strike...may not ever happen but I don't think it's much more risk than a big bank...not many people talk about today's risk in banks when they have their assets in derivatives that are less well understood than deep wells in the Gulf are!
    Dec 20, 2014. 11:27 AM | 5 Likes Like |Link to Comment
  • Freeport-McMoRan declares $0.3125 dividend [View news story]
    RELAX...oil and copper will recover like they are always have in the past, these materials are volitile and lets listen to the next conference call and evaluate what changes might be suggested.
    Dec 19, 2014. 04:23 PM | 3 Likes Like |Link to Comment
  • Freeport's Oil Purchases Seem Like A Mistake [View article]
    Don't underestimate FCX management..they have repeatlly said the expenditures could be adjusted...the hedge insurance will help more than is projected and oil is not likely to remain to remain dopressed for years to come...copper is also volitile and FCX can operate it's mines at profit long after others will shut down driving up the price. I have owned this stock since 1995 and my record has shown great profits ...you just have to wait ... time is on our side with such low intrest rates it is no big deal if it takes another year for the loans to be paid down... FCX has margins that can wiyhstand this rough time !
    Dec 9, 2014. 10:52 AM | 6 Likes Like |Link to Comment
  • Freeport to resume exports from Indonesia, but investors don't like terms [View news story]
    I'm not sure I really understand the why this comes those such a shock to the shareholders after it basically reflects exactly what was said yesterday.

    The main thing is that Freeport will be able to almost immediately begin shipping the huge stockpile of concentrate and resume normal operations at Grasberg where they were keeping things running but at a much higher operational cost.

    A few percent more in taxes and royalties would quickly be offset by any increase in copper prices. Other mines can't begin to produce copper at the prices Freeport can at Grasberg.
    Jul 24, 2014. 12:00 PM | 2 Likes Like |Link to Comment
  • Freeport, Newmont said to agree in principle to Indonesia export tax [View news story]
    It is my opinion that Freeport to pay next to nothing in export taxes if they are forced into helping to build a refinery. Indonesia had no right to invalidate the COW that was already in place. They should reduce what they are mining to what the existing refinery will handle and redeploy the projected improvements into upgrading well profitability where unstable governments cannot rip them off.
    Jun 4, 2014. 04:22 PM | 5 Likes Like |Link to Comment
  • Freeport CEO heads to Jakarta as export halt enters sixth month [View news story]
    I totally agree with with your assessment. I'm getting nervous about the state of the never ending upward trend in US equities am afraid a major downturn could seriously hurt the potential for this stock.
    May 30, 2014. 03:48 PM | Likes Like |Link to Comment
COMMENTS STATS
22 Comments
51 Likes