If coal stocks (KOL -1.2%) have finally hit bottom, Paul Ausick seems to like Peabody's (BTU...

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Stoploss Comments (1727)
 
So in the coal sector, if you can make a coupon payment the stock pops? Lol!! Weeeeeeeeeeeeeeeee.
1 Jun 2012, 03:13 PM Reply Like

The Sane Investor Comments (352)
 
With daily moves of +/- 10% common for PCX, +2.9% isn't really a "pop". But I agree, if your stock ticks up because you paid the coupon on some of your debt, that's kind of sad. PCX is highly likely headed for Chapter 11.
1 Jun 2012, 05:54 PM Reply Like

J 457 Comments (863)
 
If you follow the stock you would spew such drivel. The $625mm financing will allow PCX to survive to fight another day, when coal prices are presumably higher. The stock dove to $1.30's last week on fear if they didn't get the deal they would have to reorganize or BK. To say PCX is headed to BK (if they secure funding) is just plain ignorant.
1 Jun 2012, 07:19 PM Reply Like

gapPhil Comments (3)
 
Actually - the more obama goes down in the polls the closer it seems coal is nearing a bottom. (he sure is having a bad day today)
1 Jun 2012, 03:25 PM Reply Like

User 302602 Comments (2)
 
How low can they go? I am down big on ACI - maybe 50%. ACI looks safe to me, but maybe I am crazy.
1 Jun 2012, 04:29 PM Reply Like

J 457 Comments (863)
 
I'm in ACI as well buying more today at $6.25. The break up value is more than current stock price.
1 Jun 2012, 07:20 PM Reply Like

exepro Comment (1)
 
Just a small investor but am "all in" with coal (ANR & JRCC) as of a couple of days ago. China hasn't stopped its importing and the industry is scraping around the bottom as we speak. The stocks have been driven to their current levels and the turnaround is close. BTU and ACI are good now as well.
2 Jun 2012, 01:05 AM Reply Like

DALErh Comment (1)
 
Washington (state) voted to not allow a coal export facility because of the world polution problem. There was another state that had a similar story. That on top of the other negatives does not make a good long term recovery prostpect. I am a big loser with ACI.
2 Jun 2012, 01:13 AM Reply Like

Cincinnatus Comments (2197)
 
The state didn't vote. The Seattle city council voted on a resolution that other than political posturing has no legal weight. What will hold up these export facilities are lawsuits from the envirofascists.

I'm seeing many reports of interest from the Chinese in buying into coal assets in the US. I think Obama could succeed in getting his wish to bankrupt the US coal industry if he's re-elected, and then the Chinese will sweep in and buy up and control our coal assets.
2 Jun 2012, 11:55 AM Reply Like

gene carle Comments (8)
 
then vote 4the other guy
2 Jun 2012, 11:42 PM Reply Like

pete123 Comments (885)
 
ah, diving into the coal bin looking for nuggets of gold...

not so much?
4 Jun 2012, 05:29 PM Reply Like