CNBC Bonus Bucks Trivia: CNBC Stock Blog: Thomas Winmill likes miner Freeport McMoRan for a “special reason.” What special reason?
Source: http://feeds.feedburner.com/~r/StockMarketBeat/~3/304529576/Posted on Wednesday, June 4th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
CNBC Stock Blog: Thomas Winmill likes miner Freeport McMoRan for a “special reason.” What special reason?
One special reason Winmill likes Freeport McMoRan is its involvement in the production of molybdenum.
“It doesn’t trade in the futures market,” he pointed out. “Molybdenum is used primarily for pipe, for drilling pipe for oil exploration, any kind of pipeline…it’s a very strong market, and a small market.”
In the models I use Freeport McMoRan (FCX – Annual Report) ranks highly for both price momentum and return potential.
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Annual Report, Blog, Bonus Bucks, Cnbc, Cnbc Bonus Bucks Trivia, Current Market News, Drilling Pipe, Freeport Mcmoran, Futures Market, Models, Oil Exploration, Pipeline, Price Momentum, Reason, stock, Stocks to Watch, Strong Market, Thomas Winmill
Annual Report, Blog, Bonus Bucks, Cnbc, Cnbc Bonus Bucks Trivia, Current Market News, Drilling Pipe, Freeport Mcmoran, Futures Market, Models, Oil Exploration, Pipeline, Price Momentum, Reason, stock, Stocks to Watch, Strong Market, Thomas Winmill
 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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