Peabody Energy (BTU) says in slides for the BAML mining conference it is targeting FY 2013 capex at $450M-$550M, ~50% of 2012 levels. Expects 2013 U.S. coal demand to grow 60M-80M tons. Lowers its 2013 cost per ton targets for U.S. and Australia. Targeting 180M-190M tons of production in 2013. Says 100% of 2013 coal sales are fully priced; 55%-65% of 2014 coal sales are already priced. Shares -0.5% AH. [View news story]
Peabody Energy (BTU -1.7%) sinks to its lowest price in four years as Stifel Nicolaus cuts its earnings estimates, citing lower coal prices and higher than expected costs. With 40% of planned 2014 production yet to be priced, BTU likely would benefit if a utility stockpile decline brings a recovery in thermal coal prices, the firm says, but Australia is a drag on results given continued slow demand for coal exports there. [View news story]
The BTU lows and the transcending future in coal in 2013 from 2012. Outlook is improved compared to the previous year. Timeline is closer to the end of the tunnel. BTU will be profitable this year. Hey its equities and logic is out the window.
SAM is at 134 now. Amazing. PE high and priced to perfection. However with the market cap under 2 billion and excellent products. Anything can happen. Consolidation happens especially in the beer space. I want to own this stock but not at these prices and don't want to buy any puts considering the bigger corporations getting excited about Sammy's. The only thing that makes sense would be to sell some puts maybe, but their are others stocks to make more money.
Apple (AAPL) and Google (GOOG) have teamed up for the reported $500M-plus bid for bankrupt Kodak's (EKDKQ.PK) patents, Bloomberg reports. The two companies - part of rival consortia this summer in an auction for the patents - are likely working together with a goal of neutralizing infringement lawsuits. [View news story]
Google and Apple are the main players in the future.
Peabody Energy (BTU) says in slides for the BAML mining conference it is targeting FY 2013 capex at $450M-$550M, ~50% of 2012 levels. Expects 2013 U.S. coal demand to grow 60M-80M tons. Lowers its 2013 cost per ton targets for U.S. and Australia. Targeting 180M-190M tons of production in 2013. Says 100% of 2013 coal sales are fully priced; 55%-65% of 2014 coal sales are already priced. Shares -0.5% AH. [View news story]
Coal: Week In Review [View article]
Peabody Energy (BTU -1.7%) sinks to its lowest price in four years as Stifel Nicolaus cuts its earnings estimates, citing lower coal prices and higher than expected costs. With 40% of planned 2014 production yet to be priced, BTU likely would benefit if a utility stockpile decline brings a recovery in thermal coal prices, the firm says, but Australia is a drag on results given continued slow demand for coal exports there. [View news story]
Android Vs. Windows Phone: Monetization Of Mobile Market Share, Part I [View article]
Android Vs. Windows Phone: Monetization Of Mobile Market Share, Part I [View article]
Love The Beer, Short The Stock [View article]
Apple (AAPL) and Google (GOOG) have teamed up for the reported $500M-plus bid for bankrupt Kodak's (EKDKQ.PK) patents, Bloomberg reports. The two companies - part of rival consortia this summer in an auction for the patents - are likely working together with a goal of neutralizing infringement lawsuits. [View news story]