Canadian Stocks

[peedeeheenee]

Bullionaires Buildup:

Can someone convince me that Carl Ichan's (net worth $21.3B) purchase of 8.5 % of Freeport is a bad idea, after taking in a $2B profit on Netflix? 

We used to call that playing with the houses money...

Netflix runs to a high of $129.29 from a low of 7.54 in 2012, and still has a market cap of $42.8 B

Buying in on a $10B FCX  that used to be worth over $50B  makes absolute sense?

In time his $852 mil stake with be worth much more, IMO.

Are Druckenmiller, Dalio, Soros, Rogers, And Africa's richest man Aliko Dangote thinking the same way?

In 2002, it was Buffet, Soros, Gates, plus the usual suspects like Giustra leaving Lionsgate, etc. that convinced me to get back in the junior game.

Some of the same players now, and a few new ones with an impressive amount of zeros and commas on their Forbes profile.



"The disclosure revealed that Icahn had become the largest shareholder of Freeport-McMoRan with an 8.5% stake.
The famed activist investor has a track record of success. Most recently, Carl Icahn sold the last of his shares in Netflix, Inc. (NASDAQ:NFLX). Analysts estimated that the billionaire investor took home a profit of at least $2.0 billion."

http://www.profitconfidential.com/stock-market/freeport-mcmoran-nyse-fcx-billionaire-carl-icahn-is-betting-big-on-copper-prices/