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Gold/Mining/Energy : Freeport McMoran (FCX) -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (98)4/22/2008 11:23:36 AM
From: Keith Feral  Respond to of 141
 
The key for FCX is obviously the price of copper. Alot of the analysts are well behind the curve, basing their estimates on the old price of copper around $2.80. By dropping in the current price of copper at $4.00, the new estimates are well beyond anything the street is modelling.



To: Lynn who wrote (98)4/23/2008 8:13:38 AM
From: Keith Feral  Read Replies (1) | Respond to of 141
 
Looks like good eps - stock is up $3 pre market.

Huge is more like it. $2.64 vs. $2.09 consensus. Looking back at the updated Lehman report, they were at $2.25. This wasn't even the big quarter for FCX, the price estimates for copper were way too low.


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