Seeking Alpha

Peabody Energy (BTU +1%) has performed even worse than other coal stocks, but in its upgrade of...

Peabody Energy (BTU +1%) has performed even worse than other coal stocks, but in its upgrade of the shares, Raymond James sees an attractive entry point for this "high quality, core coal holding," with quarterly earnings likely to hit a low point this quarter, an apparent bottom in the met coal market and better prospects of natural gas helping coal.
Comments (1)
  • Editor, The Lewis Letter, http://bit.ly/W3uM5K
    I have been very critical of the Peabody management being complacent and underperforming. Hopefully an activist or natural resource interested party will attempt to take BTU over and save the stuckholders, especially with decades of reserves. Unfortunately it is in my model portfolio with hope and a prayer. Stock is up an inch due to Raymond James' perform. Wow!
    26 Mar 2013, 03:41 PM Reply Like
DJIA (DIA) S&P 500 (SPY)