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12/14/15

Freeport (FCX): Should have bought the GDX, Carl

On August 27th Carl Icahn announced that he'd taken an 8.5% position in Freeport McMoRan (FCX and let's hope I got all the capital letters in the right place there), which turned into an 8.7% position come November. He's apparently filed to state he's looking to take up to 25% of the company.

Here's FCX versus the precious metals from August 26th to today, compared to the precious metals producer ETF (GDX):


Here's an owl:

Here's IKN waiting for The Janet Show on Wednesday.