in my speculative, biased, subjective and unprofessional opinion it is only a matter of time before xom buys btu.
when that day comes, i'd guess they'll pay 30-40% of whatever btu's market cap is at the time.
FDG is a better buy and pays 9% dividend. BTU and ACI pay under 1% back to their shareholders.
Fording Coal is the second largest producer in the world. Just a matter of time before they get bought out too IMO.
My advice, read he 10Q. It looks to me they are more interested in becoming vertically integrated as a coal producer as well as an electric utility with the repeal of PUCA. Asia is big. Does anyone think China cares about Kioto?
Fundamentals look good, LBO maybe if coal prices stay firm and we develop a cheap cleaner fuel.
Not a chance. The oil commpanies have no interest in coal companies. It's amazing how there are messages like this on EVERY stock bulletin board, purporting why such and such stock will get bought out. The reality is that very few will, and we will be extremely lucky to be invested in one. Better to be invested in a stock that is a good investment in it's own merit (like BTU).
Buy-out hopes ARE on a lot of message boards now. Investors really want the trend to be their friend, but decisions
(buy-out or otherwise) are often only obvious in retrospect./
Coal has its problems, which should make it a good value play,
but what does it have to offer as a buy-out to a another firm,
like the WSJ does to Murdock?/ Inquiring minds want to know,
please reply./ The Huss/ P.S. I have a stop-loss on this and all my other stocks starting the first of May, following the advice of THE STOCK TRADERS'ALMANAC. My sell cost at
Vanguard will be $48. I try to be a buy-and-hold investor.
The time is right for a BTU buyout. Can the USD get any weaker? I have always thought that AAUK would take them out, but they have no interest in US assets. Maybe Rio or BHP. AAUK would be a natural though. They would have China sown up coal-wise.