Saturday, December 30, 2017 8:28:01 PM
To make it easy we will use a $1000 dollar company selling cool aid on a street corner.
We have a cart worth $200
We make $300 dollars a day in gross revenue.
We can depreciate the cart 10% a year for ten years. That’s twenty dollars a year in depreciation.
Our fix cost is $20 a year and $80,00 a day in administration cost at two days a week x 56 weeks in the year.
That’s $4,500.00 a year in fix costs.
We sell a glass of cool aid for a dollar at a cost of $.02 for the cup and $.05 cents for the mix. How many cups of cool aid to break even.
$4,500.00 / $.07 = 562 cups of cool aid a year, 104 cups a day.
Does the gross revenue exceed our cost too make the cool aid. Our fix cost is $80 and our per cost per glass is $.07 = $7.80 take $300-80 = $220
$220/$7.80 = 28 cups of kool aid. We can see that we are going to go broke in very sort order. We have to do three times the volume to break even.
Now go and apply the same math too the numbers they gave FCX. With the burn rate given along with the capital surplus how long until it fizzles out if the price of the stock is not sustainable?
This company is running on the input of investors. Any price above zero can be sustainable with huge dilution to early investors. If the pros “ private equity” come to the plate it won’t be until the price is near zero. They will come from internally in the company. Let me speculate how this maybe performed.
You have too look at the accounts payable and receivables. If you see the receivables as a positive along with the payables the company is owing it self from the payables too the receivables. It is a credit held at the bank. You can in fact take that money and add it straight on top of the revenue.
Now do the math. What is your out come. Have you exceeded the break even point.
Don’t get profit confused with revenue. Ten times the profit minus capital surplus plus treasury stock = market cap. Outstanding share value is the total amount of capital spent minus treasury stock plus capital surplus.
Treasury stock is recaptured depreciation from sales tax paid for goods and services “ uncle sams good will” all tax’s gets paid if there is a profit. Don’t mix treasury stock up with tax’s on profits. Revenue does not constitute a profit.
Recent FCX News
- Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock • Business Wire • 03/27/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:47:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 10:46:54 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 10:28:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 10:28:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 10:27:50 PM
- Freeport-McMoRan Announces Leadership Transition • Business Wire • 02/06/2024 11:24:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 10:31:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 10:30:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 01:10:55 PM
- Freeport-McMoRan Fourth-Quarter and Year Ended 2023 Financial and Operating Results Release Available on Its Website • Business Wire • 01/24/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 10:35:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 10:34:55 PM
- Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock • Business Wire • 12/20/2023 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/05/2023 10:59:53 PM
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