Quote:
Originally Posted by Gerald
Freeport-McMoRan Copper & Gold Inc. (FCX)
Would I invest in FCX......No.
Stock has been in a 2 year slide [was up to $ 55] and does not appear to have made a turn up yet.
If you want to "bottom fish".....then maybe!!!!!
Company has a P/E of 7.3 which is low and means it could go up. Profit margin and ROE are a little above average (?).
Current dividend is 3.6 %
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Was mainly looking at this one as a historically cyclical stock... seems like it is at the low of of a cycle (may go a little lower)... and with the recent acquisitions it may be primed to move upwards in the next 4-6 months as it has done historically over the last 4-5 years?