PHELPS DODGE NEW LOW Message Board

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Gold/Mining/Energy : PHELPS DODGE NEW LOW

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To: Angelo Ferraro who wrote (5)	12/26/1998 1:35:00 PM
From: Raptech	of 9

Considering commodity prices and the world economy PD is actually holding up well. The low for the year was back in September when it hit 43 1/2, when it was an excellent long term buy. A great company with solid management and abundant cash will inevitably ride it out. The "when" relates to the time return on your investment and if this is a good place to park your money while we wait. They are in other businesses while we wait for copper to recover so it's not a pure commodity investment either. Rap

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