It's not a proven bottom until it moves back up.
As far are the OP's question goes, I believe that the only way coal prices will ever begin a sustained uptrend is if decent growth resumes in ALL key regions of the world. Right now only China and USA have meaningful growth.. we need to see the EU, Japan, and the rest of the BRICS growing too. Only then will coal hit the road to recovery. Loss of mine production capacity in the interim will determine the ultimate rate of price recovery when full-fledged world economic growth finally resumes.
Hmmn just checked out the CYN website for details and saw this. I hope they can close sooner than that... the call options I bought expire in August.
@@@@Closing is expected before the end of calendar 2015 subject to customary closing conditions, including receipt of required regulatory approvals and the approval of City National's stockholders.
CVE announced further cuts to capex today. From 3B to 2.6B back in Dec to 1.9B today. COS.TO will almost surely have to cut somewhere as well... and since their capex is fairly low already, I suspect we'll see another dividend cut announced at the earnings update tomorrow. I have a limit buy orders at ~6.5 and ~5.5.... cause ya never know how crazy it might get here.
----It would not surprise me if Cree will also use mid power LEDs from Lextar for this product line making optimal use of the high power production in NC for commercial lighting ----
How does removing mid-power chips from production in NC make optimal use of the wafer fab there? The fab was not running at full capacity (otherwise they would have announced expansions), so taking any products off the line will mean the fab utilization rate will drop. That is the exact opposite of how fabs are normally operated. ie. the high fixed cost of such facilities means you want to fill the line and run as close as possible to full capacity..
There it is and the stock is getting a nice pop again today. I can only imagine the pop when the FTC approves the deal.
@@@@Jan 28 (Reuters) - #$%$ cigarettes maker Reynolds American Inc's shareholders approved its $25 billion acquisition of smaller rival Lorillard Inc. The proposed deal, which was announced last July, has attracted intense antitrust scrutiny as it seeks to combine the No.2 and No.3 U.S. cigarette makers. About 451 million of Reynolds' outstanding shares were voted in favor of the proposal to issue stock to Lorillard shareholders for the acquisition.
Dude, this stock has bled slowly since Sept and after the drop today on earnings it's down ~25%. I'm not short, but if I was, the only thing I'd be watching out for is more profits. The company guided down, and is buying back shares mostly to keep dilution from employee share incentives at bay.
I'm simply stating what the railroad companies issued as guidance, and the traffic data reported by the American Association of Railroads. Sorry if your personal model' of the economy doesn't match that.
UPS warned on Q4 because they made a strategic error, not because business was bad. And why do you think railroaders face a 'day of reckoning'? Traffic so far in 2015 is up over 2014, and guidance is for mid-high single digit growth or better from what I've seen.
@@@@While they nailed on-time deliveries during the 2014 Christmas season, on less busy days many workers and trucks were left idle. The drop in productivity and the extra expenses for training and overtime dragged UPS's 2014 preliminary earnings well below forecasts, the company said today, sending its stock down the most in more than eight years. "UPS invested heavily to ensure we would provide excellent service during peak when deliveries more than double," said David Abney, UPS chief executive officer. "Though customers enjoyed high quality service, it came at a cost to UPS. Going forward, we will reduce operating costs and implement new pricing strategies during peak season."
---Earnings season has been LOUSY so far, the only real bright spot has been AAPL, but one company cannot save the entire market---
I guess you do';t follow the transports too closely huh. The railroaders are reporting decent growth in revenues and earnings... CSX, CP, UNP, and today CNI. Only NSX lagged with flat yoy results.
Nothing, absolutely nothing, in this 'earnings' release and guidance makes me want to buy shares in BTU. In the end, it's all about coal prices... until there is evidence of a sustained recovery in coal prices, there is no good reason to invest in or hold shares in the coal miners.
A few days ago in a discussion about US steel production, when I brought up t fact that US steelmaker stocks were near 52wk lows you told me that you didn't care about the profitability of if these companies. And now you do?
The iFad is over. iWatch will be a big flop that marks the slow but steady descent into mediocrity for AAPL.
Investors may also have been anticipating poor guidance from MSFT which turns out is the case.That said, even HPQ can still come out ahead if they take market share from their PC and server competition.
@@@@Microsoft's Chief Financial Officer Amy Hood said on Monday she expected sales from commercial licensing, which covers Windows, Office and server products for businesses, to be around $9.7 billion to $9.9 billion in the current quarter, a sequential dip from the $10.7 billion it reported for the last quarter. She blamed the shortfall on the continuing soggy market for new personal computers, which tends to drive sales of new Windows and Office software. Specifically, she said the slight bump in sales last year from companies trading in their old PCs running Windows XP has now been exhausted.
You can view most WSJ or Barrons articles in their entirety by selecting the preview text, doing a search on it in Google Search, and clicking the link that appears.
@@@Hewlett-Packard Co. made changes to its top management at a subsidiary in China following a worker protest, highlighting the increasing difficulties U.S. companies face in doing business in the mainland amid suspicion by both countries that foreign-made equipment could be exploited for intelligence-gathering purposes. According to an internal email reviewed by The Wall Street Journal, H-P Chief Executive Meg Whitman told employees of Chinese network equipment subsidiary H3C Technologies #$%$ Sunday that it would be promoting former H3C Chief Operating Officer Henry Xiang-Ying Cao as CEO. Mr. Cao will assume a post that had been held by Jessie Jing-Chuan Wu, who will become vice chairman. The management changes came after the Journal reported in October that H-P has run a process to find a Chinese buyer for a majority stake in H3C since last year, according to people familiar with the situation. H-P decided to explore selling around half of the business, targeting Chinese buyers who could help H3C win more domestic contracts, they said. Potential buyers for the stake include domestic private-equity firms and Chinese technology companies, or a combination of the two, they said.The business, which could be valued at up to $5 billion in a sale, according to people familiar with the matter, has its roots as a unit of Chinese telecom equipment maker Huawei Technologies Co.
From a technological perspective, both would seem to be excellent pure plays. Appearances can be deceiving, however. I have very little confidence in the management of both firms,
Everything about how this stock trades smells. CREE is another prime example. What is really going on I don't think we'll ever know. This is why I decided over year ago to reduce my holdings in both firms. There are plenty of fish in the sea... I focus more now on catching those fish that behave like fish are expected to.