Replies to post #1509 on Freeport-McMoRan (FCX)

[eddy2]

Ed your now 65 years old and you could have a fortune tied up in Collateral supporting the debt a company has. You have no control of it once it leaves your pockets.

The collateral can be sold. The collateral has a revenue yet very, very small.

The trick is in the selling of it. If you hold more then a given amount of it you can receive that special status you to mention and if over five million a doctorate of derivatives title can be added to your good name.

I my self haven’t the desire in wanting that. I like the cash at hand in my hand.

Anyhow, everyone has there own vises that make them do what they do.

Don’t fall in love with any company. They will scalp you clean in the end with there elaborate executive compensation packages. It is what it is, a pirates game and you your self have to be a bit of a pirate too win at it.

Now with that said I’m not saying don’t play the equity game, just play it smart.

[pack10]

Interesting. I was president of a stock club for almost 7 years. Members moved away, lost interest, so we dissolved the club. We found it hard to get all members to agree. Hope you're having better success.

FCX is the Number 1 copper producer in the world. Electric vehicles are starting to become more sought after than ever before. The automotive market is a very huge market. Not to mention the trucking industry. With this in mind it seems reasonable to assume that many more electric motors will be produced to drive all these electric vehicles. These motors are made with copper inside. Will FCX need to increase production of copper to keep up with demand. Just thinking FCX could be the stock to own if demand outstrips supply.
Thinking out loud and trying to find a beat down stock. Maybe undiscovered stock

How about running that by your members and let me know their thoughts.

Thanks in advance.