blackrock is the largest money manager in the world...they control over 3 trillion worth of stocks, bonds, and securities...in Jan they have doubled and tripled down on coal...finally ...good to see, hopefully the others on the st will start the move back into this unloved sector...blk now control chunks of aci, anr, and btu, and clf...I'm in all of them but still carrying losses...friggin forever! good luck longs..we need to eat too! I'm holding though, because the day I sell , they move up! Ha
Bob Doll, recently retired as Senior Portfolio Manager and Chief Equity Strategist at Blackrock. He is a widely respected, conservative money manager who used to be with Merrill Lynch for many years. In any event, as firms go I would say Blackrock is well respected for whatever its worth and I'd say overall this is a postitive sign for longterm BTU shareholders in terms of the firm's views of the coal sector.