You really need to do a google or yahoo search for "Penny Stock 101 org' and signup for their 100% complimentary email newsletter. They consistently bring me winning trade ideas. Just 8 ½ weeks into the 'Fall 2015' season and they've put out a combined total of +1,843% in profit. I am very impressed! Try it out for yourself now.
Makes sense and also, the new management did a poor job on the report. We think they learned their lesson an continue with the progress. This company has a great management team, they will stir the company in the right direction, and generate some revenue.. Specially if NAG goes up.
It's much more than $358M, don't forget the $405M gained through lowered self-bonding and reduced liabilities. In addition to the cash $358M infusion, Peabody benefits from shedding the $105 million in related liabilities, as well as being able to reduce its self-bonding by over $300 million (over 20% of its total self-bonding).
choutony -- I'm thinking you hold a short position or possibly just a philanthropist (luvr of BTU investors). If holding a short position, I'm curious how that is working for you? Do tell!
GR8 -- That is sound advice and for anyone that is deeply in the hole, they should wait for hopefully positive news. If one has purchased after RS (reverse split), then sell and buy on good news from the report you are writing about. It doesn't look good at all for BTU and those that are posting dribble about a great turn around are IMHO, going to be disappointed.
Don't you worry, it will drop when the market opens; if not tomorrow, then next week. The overall trend will not be up, but down. I'm not sure what anyone should do if they are deeply in the hole, since their investment is at a fraction of their buy in price, truly terrible. For those reading, I DO NOT HAVE ANY SHORT POSITION in BTU.
So he did the same thing on the DRYS board as he did on the bank message boards after riding them down through the crash of 2007.
Pretty amusing that a guy who has been completely unable to foresee anything a day, week, month, or year out is positive that he can make a multi-year call on global climate.
I think your premature and foolish not to at least see the annual report only five weeks away before making such a statement as to proclaim Chapter 11 in 2016. It may happen but it would be smart to wait a few weeks before anyone decides to sell their shares.
This does not look good. The best for all parties is to have
a Bankruptcy filing and then reissue new shares in re-organized
This will get real UGLY and fast.....
Sentiment: Strong Sell
Everyone have a happy Thanksgiving celebrating with family and friends, watching football, getting toasted.
If you are on the other end of the spectrum, have no friends, family or money, take the time to do something for yourself; perhaps an early Thanksgiving dinner at a restaurant would suffice.
Even if you are walking this earth alone, destitute, without friends and family, it's better than the alternative. Give thanks that you are alive. Give thanks for what you have. A cardboard box down by the river, a life begging for money for food, is better than death. You live? You win. Everything else is gravy.
Here is to everyone's gravy in 2016!