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A rumor that Carl Icahn has picked up an activist position in Peabody Energy (BTU +3%) is behind...

A rumor that Carl Icahn has picked up an activist position in Peabody Energy (BTU +3%) is behind early gains; Icahn already has been plenty busy recently with his dalliances in Dell and Transocean. Shares also are upgraded by Nomura, which believes cost pressures facing BTU are largely well known by the market and the company can achieve improved unit costs in H2.
Comments (4)
  • wigit5
    , contributor
    Comments (3986) | Send Message
    Nat Gas on the rise should get people looking at coal you can only hedge for so long before coal looks to regain its status as the cheapest all around source.
    18 Mar 2013, 10:47 AM Reply Like
  • jackmcl
    , contributor
    Comments (13) | Send Message
    This stock was at $84.00 a share back in 2008 and with wordwide exposure to new markets one day after Obama it will challenge that price again. Why it hasn`t been picked up by investors and taken private is a mystery to me.
    18 Mar 2013, 12:28 PM Reply Like
  • wigit5
    , contributor
    Comments (3986) | Send Message
    I don't think it'll ever hit the highs we saw pre-2008, unless it makes some serious M&A, it should however get fairly close if the EPA's reign is ever ended or constricted. I would say 55-60$ without M&A.
    18 Mar 2013, 12:32 PM Reply Like
  • kacklehorn
    , contributor
    Comment (1) | Send Message
    Icahn should have invested in PCXCQ. Eventually BTU will need to restructure and pay to clean up the messes they made, as well as, lifetime employee benefits. Patriot however use to trade at 60, and just won a judgment to nix union benefits that BTU saddled them with. The union also has a 35% stake in pcxcq. My money is on Patriot as the big winner.
    30 May 2013, 01:47 PM Reply Like
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