More on Arch Coal's (ACI) Q3 results: Shipped 37.5M tons of coal, -6% Y/Y but +19% Q/Q. Believes...

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maudie Comments (411)
 
Romney-2012. Coal 2013!
26 Oct 2012, 08:54 AM Reply Like

kmi Comments (3847)
 
Ok.

Or:

"If Mitt Romney wins the presidential election next month, it could be negative for power sector deals, financiers speaking at a conference in New York said Thursday.

"Romney is bearish for the power sector," James Guidera, group head, natural resources, infrastructure and power at Credit Agricole, said on a panel at Platts 14th Annual Financing US Power conference. "

So... yeah. Everything is up for interpretation, depending on which seat you have at the table...
26 Oct 2012, 12:00 PM Reply Like

Tom Guttenberger Comments (697)
 
Looks like the bottom line beat of the century.
26 Oct 2012, 09:20 AM Reply Like

pete123 Comments (885)
 
100% of the beat came from an obscure $80 MM reversal of a legal contingency.
26 Oct 2012, 11:03 AM Reply Like

Elephant Analytics Comments (93)
 
About 70% of the beat came from the legal contingency reversal. The impact of the reversal on net income was $54 million, which is $0.25 per share. So without the reversal, net income would have been a $0.05/share loss vs. a whisper number of a $0.13/share loss and average estimate of a $0.16/share loss. So even without that reversal, performance was substantially better than expected.
26 Oct 2012, 11:36 PM Reply Like