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ARTICLES

Freeport-McMoRan Reports Weak Results and Management Rolls Back Expectations

Freeport-McMoRan (NYSE: FCX) reported net loss attributable to common stock of $2.9 billion, $2.75 per share, for fourth-quarter 2014 and $1.3 billion, $1.26 per share, for the year 2014, compared with net income of $707 million, $0.68 per share, for fourth-quarter 2013 and $2.7 billion, $2.64 per share, for the year 2013.
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Freeport-McMoRan Announces Results of Offer to Purchase Senior Notes

Freeport-McMoRan (NYSE: FCX) announced that as of 5:00 p.m., New York City time, on December 4, 2014, pursuant to the cash tender offer by its subsidiary, Freeport-McMoRan Oil & Gas LLC, the Company has received tenders of $1.66 billion aggregate principal amount of outstanding notes and accepted $1.14 billion aggregate principal amount of the Notes for total aggregate consideration of $1.26 billion.
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Declining Metals Prices Crimp Freeport-McMoRan Results, but Operating Results Better Estimates

Freeport-McMoRan (NYSE: FCX) reported net income attributable to common stock of $552 million, $0.53 per share, for third-quarter 2014, compared with $821 million, $0.79 per share, for third-quarter 2013 and $1.5 billion, $1.47 per share, for the first nine months of 2014, compared with $2.0 billion, $1.96 per share, for the first nine months of 2013.
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Turnaround Letter Buy & Hold Investment Strategy Recognized

The Turnaround Letter advocates a buy and hold contrarian investing strategy. In fact, stocks in our portfolio were held for an average of just over five years. Read More.

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