This is not a coal stock under attack and on it's way out as a viable resource. There are cycles in this industry and right now we are in a down cycle, certainly doesn't mean that an up-cycle isn't on the horizon. Maybe not the immediate horizon but certainly in the coming years. Starting a position at current levels will prove very valuable in the future. JMHO!
I wanted more at $1.84 and couldn't get filled. Gave up and bought back at $1.89 today. Will have funds ready should we drop back though.
Not true any longer, initial dividend now pushed out to 2016. Explains the huge downward draft after the announcment that ARP would not cut it's dividend for August.
He bought a ton of stock prior to the intiial dividend being pushed out from Aug. to next year, so he's not all that bright. You'd think he'd have some information but this proves he doesn't.
All you have to do is watch what happens to the share price today after this announcement. JMHO but not even Cooperman will be able to keep the stock from dropping after this news.
Thanks, I didn't want to state the obvious which was the stock's price was never close to the $4.78 price on the 15th.
I have the proof from two differnt accounts and questioned the price. This is why I shared the information. Why is it BS? In my 3rd account I received the cash and repurchased yesterday at $4.50, which doesn't look good today:( Cheers!
I will suggest you do not automatically reinvest your dividends. For instance, the company determined this month's DRIP price to be $5.49, even though yesterday's high was only $5.38. Financial institutions must use the company's pre-determined price for dividend reinvestment purposes.
If you received the July 15, 2015 dividend in cash like I do, then you'd had the funds available today to reinvest at a full $1 lower than the company's pre-determined DRIP price. Simply - Food for thought!