all other coal stocks are down or flat today including other energy stocks. I know this has been a takeover spec for a while but maybe something is in the works in the very short term. The way its trading today and the call buying looks a little telling. If not an actual buyout which by the way would be a good deal for one of the bigger boys, it smells of at least a rumor. Thoughts
In other words, this should be trading (in his opinion) at $9/share right now -- without any news, or buyout or anything of the sort. Obviously worth more in a buyout scenario, given their assets and coal reserves.
Nice call. I think you could be right at least it looks like that is what the street is thinking. I like to see stocks move in the opposite way the sector goes, that coupled with the option activity makes this look like something is possibly brewing. I hope so i have been averaging down since about 9.00. What kind of a price do you think it would fetch? I feel 11-12.
I don't know, don't really follow this stock, it just popped up on my screen because of the trading activity. Of course it is really depressed so this could be dead cat bounce on renewed spec of economy turning around quicker than normal and inflation on the way.