DIGG THIS A company named Freeport McMoRan Copper and Gold recently suspended its dividend and cut back its capital spending. It did this to preserve cash, so that it can service its debt in light of the fact that its business has fallen off sharply. These moves to "stop the bleeding" were prudent. The company wants to avoid ruin (bankruptcy). It is obvious that stemming the cash outflows will help it preserve its capital and provide a reserve or bulwark against hard times that may last for quite a long time. If it had not taken these steps, its risk … Continue reading Stupid and Evil