Freeport-McMoRan Suspends Dividend; Slashes Targets (FCX)
Copper, gold, and molybdenum producer Freeport-McMoRan (FCX) has released a cast iron, kitchen sink of a statement this morning, announcing the suspension of the $2/share annual dividend and a 50% cut in 2009 capital expenditures, along with volume cuts for copper and moly covering the next two years.
The moves come in response to rapidly falling [...]
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Bought FCX Put Options
(My Trader's Journal, 12/3/08)
Freeport Profit (FCX) Takes a 33% Fall
(Contrarian Profits, 10/22/08)
Looks Like the Copper Correction Is Over
(Red Hot Energy and Gold - Global..., 2/19/10)
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