Anyone have any input on commodity plays? Was looking at FCX. Missed opportunity for sure not buying last year. I did pick up some Nucor last year which has done very well for me.
The only standout issue if I were to buy it is the valuations seem kind of high, market cap. PE, etc, and that 1.46 Billion share float.
Its at the top of a 5 year high and its already near a 52 week high so hard to say if there is any real fat left in it, but stand alone Copper is Hot and this is a miner and its already ran pretty hard, IMO. Strong company otherwise so I guess it would boil down to what your time horizon is. JMHO.