Throwing Freeport McMoRan Overboard
Whenever Freeport-McMoRan (FCX) has fallen to attractive levels over the past few years, I've written very positively about the stock. The company has a nice balance sheet, posted record earnings and raised its dividend in 2011 -- and, recently, Freeport shares have been performing well. The stock closed Tuesday at $43.97.
For 2010 to 2011, net profit margins were more than triple their levels in recession year 2008. Consensus earnings estimates for 2012 now center on $4.27 per share....256 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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