Do you ever get the feeling that something is as good as it’s going to get? Like this is the high point, and nothing is going to top it?
Well, that may be how Freeport McMoRan (NYSE: FCX) shareholders are feeling this week after the release of their third quarter financial results. The results, of course, included about three weeks of halted operations at Freeport’s Indonesia facilities following the September 8 accident that resulted in the death of seven workers. As it stands there’s not even a path to reopening those operations.
Which means for investors, this is the best it’s going to get for a while. Lets dive in.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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