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More on Alpha Natural Resources' (ANR) Q2: Recorded impairment charges totaling $2.5B driven by...

More on Alpha Natural Resources' (ANR) Q2: Recorded impairment charges totaling $2.5B driven by current market conditions and lower expected production and shipment levels. Again cut its full-year shipment outlook, lowering the top end of its 2012 eastern metallurgical coal shipment guidance by 1M tons; now expects shipments of 20M-23M tons. ANR -1.4% premarket.
Comments (3)
  • papayamon
    , contributor
    Comments (1186) | Send Message
     
    terrible, terrible, terrible. the big question now becomes whether or not anr can hang on through the cash crunch until things are better. i'm readying myself for anr in the 5's. last quarter was a serious cash burn, no matter how you try to dress it. anr can't sustain much of that. what a terrible quarter for cash management.

     

    i see now why they have done no share repurchases. because they're waiting for the stock to go in the 4's, and even then they'll have to take up an office collection to buy back a single share :)
    8 Aug 2012, 08:36 PM Reply Like
  • sunangel
    , contributor
    Comments (4) | Send Message
     
    So much for "bad" earnings. ANR up 16 percent today on JRCC earnings. That's crazy!
    9 Aug 2012, 05:44 PM Reply Like
  • papayamon
    , contributor
    Comments (1186) | Send Message
     
    it's nice that it's up, no doubt. however, i take all this with a grain of salt. i do think we've probably seen the bottom, but i doubt we've seen the last of the 6's. nat gas prices have another possible weakness with a mild winter. absent any real turnaround in fundamentals, it's not going to see $10 again. just think how much this stock has dropped.

     

    when fundamentals change, this is one stock you definitely want to be in, but i think we're probably a quarter away from that at the soonest. in the meantime, i'm buying oil/liquid plays.
    11 Aug 2012, 12:10 PM Reply Like
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