Then there's Freeport-McMoRan (FCX), which has been affected by lower commodities as well as its large debt load. However, with the recent news of activist investor Carl Icahn taking an 8.5% stake in the company, coupled with Freeport's lower capital expenditure guidance, the stock has risen. Nevertheless, Freeport is down ~60% since the beginning of 2015. The chart above shows the recent movement in Freeport's share price. Is this rise in Freeport's share price only the proverbial "dead cat bounce," or have investors finally discovered some value in the beleaguered company?