Freeport-McMoRan (FCX)

[eddy2]

Let’s look at things from a different perspective. We know that a share holder deficit is a liability brought on by the issuing of credit and the company selling there credit position too investors.

The portion of the credit retained is the difference of the recievables minus share holders deficit. We also can take a portion of the expenses and deduct that from the tax’s that will be required to be paid. If you take the recievables plus share holders defict you would pay tax’s on that total. Tax’s is an expense so it is also a liability payable to the government. A tax credit is also a liability payable too share holders on receiving the recievables.

So if one takes the treasury debt minus the share holders deficit you would have the total tax’s owed that would be close to the total receivables minus the share holders deficit your tax credit.

Now there is no way that the deficit match’s the contribution of what the shareholder paid in. The remaining is none current payables. Now there will be many of you asking why none current payables and not current payables. Well there can be situation based on announcements that a portion of the current payables will belong too the equity holders. That portion of the current payables must be noted as a significant event.

You can also have preferred shares that hold a portion of the current debt as well a portion of the none current debt. It is the utmost importance that one follows all issued debt and equity offerings of the current and none current payables.

Keep in mind that none current and current debt is a liability. One will be noted as good debt and bad debt of both sectors they fall under ie: none current and current debt.

Let’s assume a company falls under financial hardship because of there current debt obligations. As a clever investor you want to know how much of the current debt is reportable equity debt. You also want to take in how much of the current debt can be serviced by the tax credit when recievables are paid. You want to know the turnaround on recievables relative to increase liability that is also a reflection of a portion of the recievables.


Once you learn to break down the liability, none current and current payables, tax cedits ect. ect you can start to see opportunities that others may not see.

She is a pirates game if your not of the understanding of how it works. Knowledge is power and wealth don’t leave it to others to control. Commissions paid to institutions will often override what is best for the individual investor.