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It's a good day for coal stocks, as Arch Coal (ACI +9.8%) logged surprise Q3 profit growth...

It's a good day for coal stocks, as Arch Coal (ACI +9.8%) logged surprise Q3 profit growth instead of expected red ink and Cloud Peak's (CLD +11%) Q3 results beat estimates. ANR +4.2%, JRCC +3.9%. But Cliffs Natural Resources (CLF -3.9%) continues to feel the pain of its dismal Q3; Dahlman Rose cuts shares to Hold on expected low iron ore prices and cash flow concerns.
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  • Thomas Azzara
    , contributor
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    Quote of the day for CLF's shareholders.... "We believe that CLF will carry a low P/E on '13's EPS forecast, given execution risks and concerns that the company may not be able to generate enough free cash flow to maintain its dividend." (Oct 26 2012) L.Larkin - Financial analyst (Standard and Poors as in S&P500)
    26 Oct 2012, 12:20 PM Reply Like
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