Mon, Nov 24, 2014, 11:28 AM EST - U.S. Markets close in 4 hrs 32 mins

Recent

% | $
Quotes you view appear here for quick access.

Freeport-McMoRan Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • hot_glass hot_glass Mar 14, 2006 1:19 PM Flag

    Anyone want to know it's buying time

    Their financials aren't very strong.
    Management - anyone know about?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • management is top notch. They took a bankrupt company and turned it into a cash producer.
      They have several problems, the main one is that their mine is running out of ore and may not last through 2010. they have the northern half of the property in the premitting process, but if they can't get it done, or do something else, the infrastructure in their present mine will be of little value. They have bought a new property, actually an old mine, young davidson as I recall, and we don't know what the production situation is there at present.
      The question is whether they can reinvent themselves before the ore runs out in their present mine. Stay tuned.

 
FCX
29.349-0.241(-0.81%)11:28 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.