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Vulcan's suppliers

Turtleread money earned

Member Since: 6/15/08
UNITED STATES
 

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stock pick type

FCX

Start: $24.34
Current: $28.22 (15.94%)
Target: $60.00 (146.51%)
in 314 days

FREEPORT-MCMORAN COPPER & GOLD

Vulcan's suppliers

Posted 50 days ago on 11/16/08

1. Freeport-McMoRan Copper & Gold, Inc. through its wholly owned subsidary, Phelps Dodge, and its majority-owned subsidiary, PT Freeport Indonesia, is a copper, gold, and Molybdenum mining company. In North America, the Company has six operating cooper mines. It also smelts and refines copper concentrates and markets the refined copper products. 2. Last price as of this writing is: $24.34, with a 52 wk. low of $21.50 and a 52 wk. high of $127.50. 3. The stock price is below both its 50 and 200 day moving average as of 11/15/08. 4. Jim Cramer pick for "accidental dividend"--meaning those stocks with a safe, large yield (7.69%) because the price has fallen so much. Pays $2.00 dividend rate. 5. Has a debt to equity rate of 0.36%. 6. Gross Margin is 46.08% and Net Profit Margin of 20.49%. 7. Insiders in 2008 have purchased over 27K shares @from 24.99-85.33--All Directors. 8. Approx. net change in Net cash flow between years 2007 & 2006 is up $519M.

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12/10/08
Turtleread
I have just been informed that FCX has cancelled an order for mining machinery on the order of $1B. I'm sorry, but I cannot in good conscience continue to recommend this stock at this time.
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