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New York Mortgage Trust Inc. Message Board

americandingleberry 1 post  |  Last Activity: Sep 10, 2015 7:25 PM Member since: Jan 24, 2012
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  • Reply to

    Coking coal - is SXC's business model airtight?

    by johndaley404 Aug 20, 2015 12:17 PM
    americandingleberry americandingleberry Sep 10, 2015 7:25 PM Flag

    I think you are mostly right. However, nothing here and Seeking Attention (with little or no capital) is discussing the prospect of one of SXCP's customers going bankrupt - which to my knowledge means contracts can be terminated. Economically that would seem a ways off. My guess is there is mostly fear rather than speculation of the association with steel, coal, and limited partnership status. This is a great moment for those who can think for themselves amongst the insecure.

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