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Freeport-McMoRan Inc. Message Board

  • aconfedercyofdunces aconfedercyofdunces Jan 13, 2013 11:09 AM Flag

    To the long term followers of FCX - Your thoughts and opinions on upcoming ER

    I am not a long term follower of FCX. Have looked at their previous Q's ER's and have some Good ones and not so.. Somewhat typical for most companies. I realize that the "wild card" this Q is the purchase of PXP and MMR and what they have to say. Mostly MMR as I have not heard a lot of negatives on the PXP deal. But certainly on the MMR one. And I realize that a lot of FCX folks do/did not have much background on MMR and it could and may still be seen as a BIL deal. Common ties are very strong for sure. The main question is will MMR have some updated news on DJ1 or SS188 to temper the doubters and the Street.

    But aside from that what are the expectations for this Q's report on FCX alone. Will the meet Earnings and Sales. Will guidance be up-down- neutral. I know no one can say for sure ~~~ I wish someone could Ha. But just wondering what the FCX people think this Q will be like taking our the B/O or if it has not occurred.


    Sentiment: Buy

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    • I can only speak for myself, but as a long-term holder of FCX, I really don't pay all that much attention to Q by Q reporting. If MMR weighs on the stock now, so be it. I'm looking 3-5 years down the road, when I expect the pps will go up dramatically, as will the div. While I have several positions which I'd have no compunction about putting on the sell block, FCX isn't one of them.

      Sentiment: Hold

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