FCX [Archive]

**recortes** Fri Apr 06, 2007 6:38 am

FCX
Hi guys,

FCX is in the magic formula screnning, so it has low PE and high ROA. Moreover I've seen that eight insiders are buying it now. Does this company look interesting to you?.

http://finance.google.com/finance?q=FCX&hl=en

Best.

**Mosguy** Fri Apr 06, 2007 6:01 pm

Hey about FCX your correct it is in the magic formula list but I wouldn't be buying any company that deals in commodities, in any way, at this point.

I think they all are going to get a lot of unsustainable attention (read: higher price) because of the run up in the actual commodities they deal in. But when the interest in those commodities falls back to earth so will the stock price of companys like this one.

Just my thoughts.

**recortes** Sat Apr 07, 2007 2:20 am

I've read that copper stocks are increasing, so probabably coppere price will go down and so this value.

Regards.