I for one am VERY excited about Freeport's new acquisition plans. I believe the companies coming on board are well within the sphere of competency for Freeport, and will provide outstanding diversification, growth prospects and financial synergies. More power to them.
Knee-jerk reaction to the announcement was diametrically opposed to your view. Since I am years long, I've added quite a bit since the big pullback. Did the same today with BGS. I figure in a couple years FCX will be a major player again.