Freeport-McMoRan (FCX)

[eddy2]

Betty Sue here, professor Sly asked if I would come on and give my explanation as to how the numbers work. He claimed to be too embarrassed to repeat my assessment. In other words he didn't want his good name attached to my reasoning.

Capital surplus indicates that the investor is in the money. It also tells us that the majority of the shares are accounted for by the public. A deficit held by shareholders also indicates the investors is in the money but also tells us that the shares are majority owned by the company due noted by the deficit figure.

Back tax’s owed is the treasury stock value as discussed but not yet determined to be absolutely true.

You have to take the enterprice value “ outstanding share value “ and deduct the accounts payable. All other liabilities left will have the depreciation value removed. Example you would take your accounts receivables and remove the depreciation the cost of the receivables. The remaining figure is also in question as to wether it will be paid at all. This you can add to your tax bill.


Now take all of that and subtract it from your enterprise value.

Mmmm sorry go back and subtract that last figure not add it as depreciation or loss in total can be subtracted off the tax’s owed. This I’m afraid leaves little value here for investors by my calculation. The up side is if the company can recoup the credit they issued out at little or no interest penalty “ default payment insurance “.