On his recent shows. He seems to be correct so far. Might buy SAVE if it gets into $40s.
The trouble is in all states where they have a physical presence like a store or fullfillment warehouse, they must charge sales taxes. Buying Sears with all their problems seems foolish, and add to that sales taxes. A no go zone.
If we apply a brick & mortar grocery P/E ratio like Kroger's to Amazon, guess where AMZN would trade--maybe $25?, and that could be generous.
That means New York state can tax them, if they already don't. Physical presense=sales tax on all sales, including internet sales, and they're very high in NY state.
Obviously, the above reaction equation should read: Coal + Hydrogen = Synthetic Oil = refined products including gasoline. The smart coal companies, of which I believe BTU is one, will partner with SSL & implement synfuels projects to produce gasoline & other refined liquids from coal. It is done by Sasol (SSL) in South Africa, and should be done in the U.S. & Europe to make us energy independent & free us from the shackle of OPEC & Russian oil. Coal liquifaction is also less polluting than fracking of oil shales which pollutes groundwater.
I fully expect BTU to rally to $30 over the next year.
Coal liquifaction is much more environmentally friendly than shale fracking to produce oil, which pollutes groundwater.
Germany will take the lead in Europe. In WW2, Germany used coal liquifaction to meet entire energy needs. "History may not repeat, but it rhymes"- Mark Twain
We don't need OPEC or Russia. South Africa uses SASOL coal to oil process to make most of its gasoline & other liquid HC products. Folks: Coal = Oil + Hydrogen
I'm kind of partial to HL; haven't finished looking at CDE yet.
Let's see how far this rallies.
Sentiment: Strong Buy