I see the "shorts" are trying to snuff my message, ie. thumbs down. LoL! Nice try insect man.
Cagdas Ozcan of "Seeking Alpha"® says,
"FCX also seems enthusiastic about new investments. It expects to finalize the acquisitions of Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR) by the second quarter of this year. As the acquisitions start bearing the fruits, I expect the company to report stronger results. There might be some waves along the way, but I believe that Freeport-McMoRan will keep or raise its current dividend yield of and pay even more generous dividends in the future."
He goes on to say,
"Based on my FED+ valuation, FCX is trading at least 35% below its fair value range. I rate FCX as a buy for long-term investors. At current prices, FCX is trading somewhere between its 52-week trading range. However, I think a general correction in the stock market could pull FCX to a cheaper valuation level. Therefore, I suggest waiting for a small correction before buying in"
Wow! You're just in time to get us up over $31.20 again!... Keep posting your gloomiticious speech!... JMHO
Thx in advance!
Hey bud! Looks like every time you start waving your flappers the stock price goes up! Keep jabbering man! Your last spew came in at 2:05PM and we went from $31.15 all the way up to $31.35. Good job manford!
They had a good chance given to them yesterday, but now that all those Up-Grades came in they have to get in line to buy Freeport back again.
SIGN IN SHEET
1. Jack Ramerson
2. (your name here)
It's an "Obama" mindset. Since the percentile of Dividends now has been raised people do things just to avoid it and risk paying more taxes at tax time. They also risk missing a sudden rise in Freeport's stock price. JMHO
Some investors don't want the dividend because they'll have to report the dividend gain to the IRS at tax time. They'd rather sell today and buy it back tomorrow after it readjusts for the dividend payout. So they'll buy it back about 4% less than what it would be if it didn't go "x-dividend". If the "Plan" goes perfect for them they'll have the same money as you and I do, but don't have to pay taxes on the dividend like we're going to have to do. Got in now?
I knew there was a good reason for Freeport sudden rise yesterday. JMHO
Just when you think you have this stock figured out... it goes UP! Amazing. (Must be the draw of the huge dividend making it happen) JMHO
You may have to eat your missed 55¢ and try to get back in before the rush come to get the 4% dividend. JMHO