It will be over bought, and the number have to come in, but it is worth buying 20,000 shares.
analysis indicates a strong buy on these shares. Currently trading at 4.50. Buy based on the flow of money into shares of the Take it for what it is worth. My analysis is solid.
Currently trading at 125 a share, Earnings growth and PE expansion and new products should take RTN in the next 12 months to over 160.
Buy now or on a pullback. Price target is the low 70's.
FCX spent a lot of money buying companies under the future premise of 1500. dollar a oz gold and 3.25 an oz copper, among other things. As usual those proformas were pipe dreams. The best thing for FCX is to do is wait, go bk, then reinvent themselves and move forward.
After 3 dollars a share, anything is possible for FCX. But at 3 a share, it would be worth a 10,000 share speculation play for many.
Once FCX breaks 5 dollars a share, making it un-marginable, it probably break it to 3 dollars. We are in a period of deflation. FCX is a asset play. These assets are not that cheap yet. The problem with FCX isnt just deflation. It is it's massive debt. If they go BK i am sure the major holders will figure out a way to steal their money back.