KBowen7736

Time to Switch Out of Freeport-McMoRan

With Copper falling to a a buck and a half what would one expect from cash flows coming from a company that does nothing but produce copper? The reason you should have been buying Freeport is because of their mines, reserves and general financial health. A severe drop in dividends could have been expected by anyone picking a stock and should have been anticipated as "the" entry point if you assume that inflation is going to kick in next quarter. I congradulate FCX management for making the prudent decisions to live for another day! The story won't be much different with any other base metal miner in their class