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Undervalued Stock #2 ========== --- Freeport McMoRan Copper & Gold Inc. (NYSE: FCX) --- Insider Name: Robert DayInsider Position: DirectorInsider Action: 200,000 shrs on 3/26/2007Insider Total Holding: 1,131,954 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 9.86 (Industry Average 12.22)P/S Ratio = 3.77 (Industry Average 3.85) Industry: Oil & Gas Pipelines -------------------------------------------------------Other Merits... Dividend Yield = 1.90%Exceeded Analysts' Estimates for Past 5 Quarters --- Freeport McMoRan Copper & Gold Inc. (NYSE: FCX)