SLP - Freeport-McMoRan: Good Third Quarter Earnings With Indonesia Deal Almost Completed
Freeport-McMoRan (FCX), one of the largest mining companies in the world, is a buy for the growth value investor. Freeport-McMoRan has steady growing cash flow as the demand for copper increases, and future dividend increases should come as the cash flow increases each year. The stock comprises 1.2% of The Good Business Portfolio, my IRA portfolio of good business companies that are balanced among all styles of investing.
When I scanned the five-year chart, Freeport-McMoRan has a poor chart crashing in 2015 from the drop in oil prices. The end of 2016 and