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Freeport-McMoRan: Proving The Cash Flow Thesis

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Freeport-McMoRan missed Q3 analyst estimates.
The copper miner made huge strides in proving the cash flow thesis.
The stock trades at an attractive valuation now that cash flows are set to pay for debt reduction.
Freeport-McMoRan (NYSE:FCX) spent the last year cutting capital expenses and reducing costs to improve cash flows. The biggest story in the next few quarters is to see whether the copper miner makes the necessary progress towards those solid cash flows and current copper prices.
Read the full article on Seeking Alpha. 


Disclosure: Long FCX. Please review the disclaimer page for more details. 


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