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On second thought, maybe Peabody's (BTU -5%) Q4 doesn't look so hot after all, as shares slump...

  • Wednesday, January 30, 2:17 PM ET
    On second thought, maybe Peabody's (BTU -5%) Q4 doesn't look so hot after all, as shares slump after yesterday's 5.6% gain and drag down other coal names: ANR -2.5%, ACI -3.4%, WLT -1.4%, CLD -2.7%. There's worry that U.S. revenues will be lower than expected and Australia costs will be higher. But Sterne Agee keeps its Buy rating, expecting Q1 will mark the low point for earnings.
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This news story has 2 comments:

  •  
    SA is beating the bush along with other retailers with wrong numbers.

    In a story Jan. 29, The Associated Press reported that Peabody Energy Corp.'s adjusted fourth-quarter loss, excluding the cost of closing down mines and marking down the value of some of its assets, was $1.12 per share. The story should have specified that when a tax expense of $1.48 per share was also excluded, the adjusted fourth-quarter result came to profit of 36 cents per share. That number topped analysts' expected earnings of 25 cents per share.
    30 Jan, 02:36 PM Reply Like
  •  
    thanks for the clarification hold and buy. the numbers didn't look like they were reported correctly. i think the real reason for the coal sector's walloping yesterday was a bunch of downgrades on btu after the market opened. this is certainly looking like the bottom here. i think we will see a similar climb from here the way the home builders went on a run at the end of 2011.
    31 Jan, 11:01 AM Reply Like
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