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Arch Coal Inc. Message Board

  • no_blinders no_blinders Nov 13, 2012 7:33 AM Flag

    Been buying on dips again.

    About 4 years ago made a killing with ACI.
    Private debt offering looks like someone is interested in owning more shares soon.
    Started a new position a few days ago and plan on being overweighed this week.
    Good luck!

    Sentiment: Strong Buy

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    • jondow69@ymail.com jondow69 Nov 13, 2012 7:46 AM Flag

      Hey blinders, another dip is comong this morn, we may dip below 7$, this week fiscal cliff crap, greece, tommorow, fomc, market feels shakey!jmo

    • Now over-weighted in ACI and may add more from WLT’s short position.

      WLT went Ex-div 11/7 no reason to hold it.
      IMO some year-end tax swap will go into ACI. As mentioned earlier started to buy ACI 11/9 as it started the downtrend … short players started moving it down.

      Shorted WLT 11/8 at $34.50 after Ex-date, and came into ACI now over-weighted. ACI’s Ex- is 11/28, by then, IMO, expect a sizable uptrend here due to:
      a. Ex-date short covering (shorts don’t want to pay the extra dividend) by 11/28
      b. Tear-end tax swap from WLT into ACI
      c. Now has a 1.8% yield with …. A $14.92 Book Value and
      d.Potential $26.12 Enterprise Value … or substantially higher if ACI goes private, gets bought out or other.

      Now over-weighted in ACI and may add more as I close outmy WLT short position.
      Long and Strong!
      Good Luck!

      Have a great Thanksgiving.

      Sentiment: Strong Buy

 
ACI
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