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Natural Resource Partners LP Message Board

  • ayscuew ayscuew Jul 31, 2013 4:13 PM Flag

    Big drop coming!

    Most stocks rise before ex. NRP has lost 42 cents over the past two days (three fourths of the quarterly distribution). I now expect NRP to trade below $20 in the short term and below $15 before year end. Three reasons:
    1. One year ago, NRP shares dropped below $20 on record earnings and revenue. No records this year.
    2. Early this year, Nick Carter said that it is the worst coal market in his lifetime. The
    coal market has gotten worse since then.
    3 Last year met coal traded at $180. Today it's $145.
    Last year, NRP traded down to $16.90. This year, NRP will trade below $15

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    • Thanks for comments, ayscuew. Does NRP provide guidance on volumes, revenue, net income, and or distribution coverage? If so, do they update on each quarterly conference call?

      Sentiment: Hold

      • 1 Reply to thomasturner999
      • There was no conference call for first quarter results. Assume second quarter will be the same. A complete written report will be issued at market close on Aug. 7th. Nick Carter (NRP President)
        said that guidance for second half of 2013 will also be given. If you own shares or are considering
        purchase, I suggest that you print out the second quarter results. Cash flow for the quarter and for the first half will be given. You will know whether or not this covers the distribution.

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