Can you just imagine a board meeting at BTU back in 2006 and 2007 where the CEO says hey folks, we are making wayyy too much profit. I've decided to spinoff some of better mines into another company along with those wonderful pension liabilities.
Brillant idea shouts the rest of the board. Why didn't we think of that. That's why I'm CEO and make the big money the CEO replies.
Sounds pretty silly doesn't it?
I disagree T&C, it's much more than poor management and I've been saying it for years. These mines are BTU's trash and low margin. Do you honestly believe BTU would spinoff some of their better assets? No dear, it's a P&D scam with a mangagement team that has it's own interests before anyone elses. Proof, huge paydays and huge bonuses in the form of free shares for the great work they are doing. And then there's pcx's inability to actually generate a profit except for a quarter since 2007. No, I'm not buying the "it's all about poor management" theory. Those guys have as much experience as any coal BOD's.
No, the true investors are not pathetic. Since the average mom and pop investor does not know how to do deep DD on a stock, then they fall into the trap of pumpers.
Then schmucks like you come around and pound the true investors into the dirt for what reason?
I classify the likes of you and the shameless pumpers into the same worthless category. You're both damaging to a stock mb. Instead of laying out facts, with credible links, you and the pumpers rant on your agenda.
All caps, all the time... Really???
You're a loser, just like the pumpers.