Ok.......for a second I thought maybe you were half well-informed. Guess not.
Look up what percent of generation is renewables, then get back to me
My disagreement was with saying coal is dead. you could argue in 50 years. you could argue no growth............but to argue that today is silly when the world depends on coal the way it does. And I'm all for cleaner environment and solar makes a lot of sense. but don't expect coal to be dead for a long time.
How is coal dead? US still uses 30-40% coal generation. Same with Europe, India and China. How do you make steel with Solar and wind? Solar and wind have been booming the last 10 years but still tiny and don't provide baseload generation...........
could happen. a 50% bounce and it's almost at cash value. It could also sit below cash for a while. I may wait to see if it falls a bit further.
Currently, entire company is valued at $13 MM. When all is said and done, debt holders could very easily throw equity a bone, just to make things go easier in court. Even at $5, it's that's only $90 MM.
The chapter 11 plan of reorganization that Alpha filed Monday with the Richmond, Va., bankruptcy court is filled with holes, including the value of the assets that Alpha expects to distribute among creditors owed $7 billion as well as the percentage each creditor group can expect to recover on its claims.
*UPDATE: Merck, Pfizer, and Verastem Combination Trial Of Avelumab and VS-6063 Expected To Begin In 2nd Half 2016