% | $
Quotes you view appear here for quick access.

Cloud Peak Energy Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • natelew2002 natelew2002 Dec 13, 2010 1:53 PM Flag

    CLD Announces 26 mil secondary etc etc..??

    I think I figured our your mistake; Yahoo mistakenly lists the # of shares as 31m and hence that is why the PE if at 3; these RIO shares always existed and included in Wall Street valuation of CLD. CLD may have had 57m shares, for a PE of around 6. Bottom-line there was not dilution, just whole lot of shares to be sold and digested by the market. Once digested, typically a day or so, it returns to prior valuation. In this case, once RIO shares sold the overhang that it would be coming is gone and hence quite positive. Plus, PE still in single digits which is less that peers.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
3.35+0.25(+8.06%)Oct 8 4:01 PMEDT