bubba, are you writing new calls now or waiting for the stock price to settle in fully on this news?
Seems like a very reasonable and balanced result for all parties... the company, bondholders, and shareholders. Kudos to JRCC management.
But coal prices still need to turn around and with a weak economy that continues to be a fundamental problem precluding recovery of the coal sector.
It's not that simple...you can be rich in assets and poor in health or vice versa...I know which I'd prefer...
What a waste of my time... onto ignore you go Mr. Watcher aka Eyeinthesky aka NY tool. What is it with you twisted shiatts that think you can hide behind multiple aliases. And have conversations with yourselves? What a loser(s),
I'd love to see the CAD tank, being as I live in Canada and I have ~75% of my investments in US companies.
I remember reading some posts by that NY tool and you appear to be that person. You certainly are obnoxious.
10% pullback and I'll start to sell off some of my positions.... some, like my tobacco stocks, are strictly buy and add so I won't be getting rid of those unless WW3 breaks out.
60 points is a minor correction... I certaiinly won't pull out of my long positions on that kind of drop... it won't bother me a bit. You can try to get the correction, meanwhile I'll risk holding for more upside.
Steel plays have done me very well over the last couple of decades... as long as the world population grows and develops demand for steel will grow. That said, it is a highly cyclical industry and can take years to move from troughs to peaks. As far as aluminium goes, I would look at RIO before AA... and you can cover both bases with RIO.
That's funny... I'm long a long, long time now and I don't feel hunted at all. I actually like the way SPY traded today... it dulled the edge off any kind of parabolic move.
100% dumbproof assessment of the situation. If only the government was able to stimulate like in the good ol days... we'd be back in boom times in a flash.
There's a big difference between failed stocks and performance of a diversified portfolio. You can't let a few 'stolen' opportunities steer you away from investing in markets IMO.
I never watch CNBC. I only watch indices to get a general handle on the markets (not on my specific investments). A market meltdown does not happen often and can take many years to happen. Waiting for that on the sidelines for that type of event is lost opportunity.
No argument about energy,steel, transport, and agri. Those are fundamental building blocks of the economy and any portfolio. I would add chemicals to that list though. Anyone know of any good water companies? VE is the only play I follow (not invested in it though).
And yes, being retired is technically the same as being unemployed.