Thu, Jul 24, 2014, 12:34 PM EDT - U.S. Markets close in 3 hrs 26 mins

Recent

% | $
Click the to save as a favorite.

Freeport-McMoRan Inc. Message Board

  • typea1949 typea1949 Jan 24, 2014 12:24 PM Flag

    Poor executive leadership

    I find it very troubling that the FCX senior management let the company get into this tax mess with Indonesia.
    Jim Bob et al had to know that the Indonesians were going to impose an export tax of minerals. Instead they raised debt to buy oil/gas assets and now don't have the capital to increase smelting capacity in Indonesia. Furthermore, they could have negotiated this a long time ago.

    I believe that they are trying to put a deal together now. If it does not get done, we will be below $30 in short order.

    I also believe that Jim Bob made millions off the oil/gas acquisition.

    It is frustrating to have such poor leadership

 
FCX
37.77-0.78(-2.03%)12:34 PMEDT

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.