there are more short-turn $5 call purchases than put purchases, means there are some people shorting this one hard recently, they need some protection though...
I expect this stock won't move much this year, but worst might be behind us...
Long needs to pray a recovery in China (their stock market is recovering now to new high recently) and long cold winter globally...
Just a few things that pooped out at me in reading the release.
They haven't contracted for a single new sale of coal in 2015. In fact, the contracted tonnage for 2015 dropped very slightly since June 30. I wasn't expecting much, but zero new sales?
Debt balance - Dec 31 2013 - $ 171 million
March 31 2014 - $ 8 million, after the pay down
June 30 2014 - $ 33 million
September 30 - $ 54 million
Of the debt increase, $ 22 million covered the distributions paid during the 9 months.
No editorial comment from me.
FWIW, there are no institutional holders in RNO other than the original sponsor. And they made an SEC filing recently to register their units for sale. Although I doubt they are selling now.
And take a look at Yahoo's ownership page - other than the sponsor, there's 1 mutual fund owning 80,000 units. Nothing else.