Last year I decided to buy Coal stocks and I went with PCX Coal ONLY! I could have divided up 4 ways among four different stocks, including JRCC, ACI AND ANR, but decided against it and I PAID DEARLY for it!
You never know when these guys will announce BK. You just wake up one day and it's BK!
hdyg6033, one can look at bond debt, cash on hand, and capital exp debt to determine when a company is most likely to file BK. I don't think PCX ever made a profit, and it was the junk that Peabody didn't want, so what does that tell you. I almost bought a chunk right before the BK when it went to 1 buck then went to three. I didn't buy and remember being upset with myself for missing the rally, then like three days later they filed for BK, lucky I guess.
JRCC doesn't have to make a bond payment till 2016, we have some cash to hold us over for a year or so. Personally, I think the markets will allow gas to stay around 3.50 which will keep them burning coal through the summer.
All this increased traffic tells me we are turning the corner, something is up.