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Peabody Energy Corp. Message Board

  • dlhild@ymail.com dlhild Aug 21, 2013 1:35 PM Flag

    BTU still has to go through the wringer...

    This market is seriously overpriced generally. When the tide goes out, BTU will trade lower too. Also, volumes remain low, prices are low, global economy is slowing, China's growth is probably below 5%, India below 4%, and the OECD countries growing at 1%. This is not an environment that will support higher prices for quite some time. BTU needs Patriot or JRCC to go completely out of business, then volumes and pricing may improve. So folks, wait and pick this puppy up under $12, perhaps even in the single digits.

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    • agree, makes sense. its why i've been on the sidelines now for 3 months on capitulation or the market to take the price to a dime. this is a 3-5 year hold

    • Au contraire! BTU shares are priced at bargain levels currently, and if it goes much lower it likely won't be for long.... international demand is improving ... management has surprised on the upside in terms of earnings in recent quarters ... they are strongly profitable even as most of their competitors are struggling to even break even ... don't forget potential M&A activity ... S&P just recently upgraded the sector and BTU shares jumped to the middle $17s ... I'm looking for $20 by year's end and perhaps $28 by this time next year.

      I added this morning.

      Cheers to fellow Longs,
      Joe

      Sentiment: Strong Buy

 
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