Quote:
Originally Posted by Reggoh
I'm not much of a trader but I like to follow the market... what do you guys think of FCX right now? Trading around $32 and seems primed for a nice gain in the next cycle.  |
Freeport-McMoRan Copper & Gold Inc. (FCX)
Would I invest in FCX......No.
Stock has been in a 2 year slide [was up to $ 55] and does not appear to have made a turn up yet.
If you want to "bottom fish".....then maybe!!!!!
Company has a P/E of 7.3 which is low and means it could go up. Profit margin and ROE are a little above average (?).
Current dividend is 3.6 %