"Abandoning asset sales to pay debt is the equal of abandoning their repayment schedule"
I'm having a hard time wrapping my brain around that one....is it just me?
"you're" right (learn to spell please, moron) we're not at $18. We're at $18.45......
"they will pay higher than market rates for a third party loan"
What is that sentiment based on? Don't worry, I'll wait......
Comparing Bear Stearns to FCX isn't exactly apples to apples. Add in that one took place in the midst of a meltdown and the other is taking place in the midst of a recovery, and I'd say you missed the mark.
Having said that, if oil drops to $15 and stays there, then I'd say FCX is in big trouble.
I think your position makes sense if you feel oil will stay low for an extended time. If oil rises heading into the summer, it will most likely lift the market and other commodities higher as well. This will keep the dividend in tact. Also, any breakthrough in 3rd party financing will also ensure the continuity of the dividend.
The thing is, fcx has basically admitted all this already. You think you're privy to info that no one else is? It's all priced in already. Do you think oil will be at $45 this time next year? And if not, do you think investors will wait for it to go higher before buying battered names like FCX? No....people make money by getting in when momentum changes. Here's a hint....momentum changed about an hour ago. Everything bad that can come out, already has.
This has a $20 billion dollar market cap and folks are like "they can't get financing".......it's hilarious! This was the "kitchen sink" quarter where everything that was bad was laid out for all the world to see. They got all of the bad news out and there's really no other significant headwinds that can get in the way now. There's nothing but positive catalysts on the horizon. Shorts are just being greedy here and they will end up paying dearly. Whoever wants to short a copper stock trading at 52 week lows while copper also sits at 52 week lows is crazy. The risk reward ratio is off the charts here favoring bulls.
Have you noticed that nobody responds to you? It's because you don't ever say anything of substance. You literally act like a small child screaming in a restaurant because nobody will pay attention to you. It's pretty embarrassing. You are irrelevant. This will be my only response. Just sayin....
what happens when they do? Your response is beyond moronic. But going by your screen name, you're surely not a raving lunatic who makes every comment into a political one, eh?
Well according to everyone, (even shorts) FCX enters oversold territory at $19. It should probably be around $21-$22. I think we will bounce off the lows today and hover around here for a month or two. Then I expect copper to rise, along with other commodities, over the course of the summer. I think we see $25 by August which would be a roughly 40% gain.
It's not that people are crazy for ignoring you. It's the fact you post 97 times an hour and keep saying the same thing. Are you #$%$? Seriously. Even if you are right, nobody cares because you are carrying on like a small child. You are irrelevant.