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Oil, Copper and Iron Down, How far will they go? What stocks to get?
Posted on 1/14/15 at 12:17 pm
Posted on 1/14/15 at 12:17 pm
Title pretty much says it all. With oil, copper and iron down when would be a good time to buy in and what stocks would you go with looking at long term.
I have been looking at FCX, VNR, CBI, APA, XOM
All of them have smashed their previous 52 week lows with FCX dropping 13% thus far today. I was thinking to let them settle a week or two and jump but wanted to see what you guys think.
Thanks for any feed back!
I have been looking at FCX, VNR, CBI, APA, XOM
All of them have smashed their previous 52 week lows with FCX dropping 13% thus far today. I was thinking to let them settle a week or two and jump but wanted to see what you guys think.
Thanks for any feed back!
Posted on 1/14/15 at 12:22 pm to therabidsmurf
Loaded up on FCX in our fantasy game and in real life.
Posted on 1/14/15 at 12:22 pm to therabidsmurf
BBL
Buy and hold for 25 years reinvesting dividends. Your pile of money will stack
Buy and hold for 25 years reinvesting dividends. Your pile of money will stack
Posted on 1/25/15 at 7:46 am to TigerDeBaiter
I've been looking at FCX as well. Around $19 now. Most analyst say its 12 month target is around 40. Lower P/E ratio and pays a decent dividend. Anyone buying
this stock now and holding. If not now, why not , and when would you get in?
Just wanted y'all's opinion. Thanks.
this stock now and holding. If not now, why not , and when would you get in?
Just wanted y'all's opinion. Thanks.
Posted on 1/25/15 at 7:47 am to TigerTatorTots
quote:
BBL
Buy and hold for 25 years reinvesting dividends. Your pile of money will stack
What's the minimum buy-in for something like this? (Sorry newb question)
Posted on 1/25/15 at 9:28 am to StringedInstruments
~$42 right now is the price of the stock. So I guess that would be minimum. BBL is one of the largest mining companies in the world with a strong dividend history
Posted on 1/25/15 at 11:03 am to therabidsmurf
Posted on 1/25/15 at 12:56 pm to GBPackTigers
quote:
I've been looking at FCX as well. Around $19 now. Most analyst say its 12 month target is around 40. Lower P/E ratio and pays a decent dividend. Anyone buying
this stock now and holding. If not now, why not , and when would you get in?
Just wanted y'all's opinion. Thanks.
No, you should DEFINITELY wait until the price goes back up in a stable trend.
First of all, just because a stock is trading near its 52wk low does not mean it is going to rise next month. The price of FCX has been in a steady downward trend since Dec 27, 2010. Ask yourself - how many times has the share price traded near its 52wk low in the past 4 years?
Second, the low P/E ratio of 8.95 creates the appearance of the stock being undervalued. But P/E ratio does not take debt into consideration. It turns out that FCX has approximately $20 billion in debt! Are they earning money fast enough to pay it off within the time frame you plan to hold the stock?
And that leads us to the third point - why does FCX have so much debt? It's because they recently spent billions acquiring and expanding copper, iron, and oil mining operations. You know, the types of mines that produce the materials the OP was complaining about having no value. How will they pay off their massive debt when most of their revenue comes from commodities that have downtrending prices?
This post was edited on 1/25/15 at 12:59 pm
Posted on 1/25/15 at 4:12 pm to StringedInstruments
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