Arch Coal's stock had its “outperform” rating reissued by analysts at FBR Capital Markets in a research report issued to clients and investors on Friday. They currently have a $5.00 target price on the stock, down from their previous target price of $6.00. FBR Capital Markets’ price objective suggests a potential upside of 153.81% from the stock’s previous close.
Ford didn't go BK but GM and Chrysler did. Solyndra and A123 systems went BK but First Solar didn't. Blockbuster went BK but Redbox didn't .You cant assume because a competitor went BK that this will ...GLTY
I am betting (small bet) that it will at least go back to $5 again...we'll see
“The company is likely to continue to face difficult times given depressed bulk commodity prices,” Robson said. “Much will rest on how successful –- or not -- Mr. Goncalves is in selling assets and reducing debt.”
Today’s news “essentially confirms, subject to an upturn in seaborne iron ore and met and thermal coal prices, that the vast bulk of the company’s investments in the last decade prior to the appointment of new CEO Lourenco Goncalves was misspent,” Tony Robson, an analyst at BMO Capital Markets in London, said in a note.
the Company agreed to make a repayment of outstanding principal under the Credit Agreement in the amount equal to the proceeds received by the Company in connection with the sale of its QuickStart information technology corporate training business (which closed on September 26, 2014 for a purchase price of $3 million less a working capital adjustment of approximately $250,000); (iv) the Company agreed to repay outstanding borrowings under the Credit Agreement in the amount of $5,000,000 on October 23, 2014 and $2,000,000 on November 21, 2014; (v) the Company agreed to apply any excess funds distributed from the reserve account established pursuant to the Operating Agreement entered into with the U.S. Department of Education (the “Department”) to repay outstanding borrowings under the Credit Agreement; (vi) the Company agreed to have any letter of credit liabilities related to assets it may sell assumed by the purchaser of such assets, and shall submit to the Lenders, by October 31, 2014, a plan to reduce the remaining letter of credit liability under the Credit Agreement
The company, which already has assets in Fayetteville shale and northeastern Pennsylvania Marcellus, will add 256 operated and producing horizontal wells and 179 non-operated horizontal wells. It plans to deploy four to six rigs in 2015 for the new assets and increase that number to 11 rigs by 2017.
for the land, when previous deals in West Virginia had come in below $5,000. Obviously, Chesapeake got a good price, which also helps explain why Magnum Hunter Resources Gulfport Energy (and Consol Energy (among other West Virginia players, are also getting a bounce today.
According to Chesapeake's early morning press release, it is selling 435 wells in the Southern Marcellus shale and Utica shale formations, spanning approximately 413,000 net acres, to Southwestern Energy for $5.375 billion. Per the release, the average daily production for the month of September from the active wells involved in this sale was approximately 56,000 barrels of oil equivalent. The deal is expected to close sometime in the fourth quarter.
But Wall Street analysts seemed less impressed by any such displays of loyalty, saying that even if RadioShack is able to secure financing and make it through the fourth quarter, the company needs far more than a successful holiday season to ensure its future.
“Their long-term survival is still in question,” said Anthony Chukumba of BB&T Capital Markets in New York, pointing to the issues surrounding the company’s relevance in today’s competitive electronics marketplace.
said Catherine Lacavera, director of IP litigation at Google, in a statement
New York, August 06, 2014 -- The announcement that Sprint Corporation ("Sprint") and its parent company, SoftBank Corp. ("SoftBank"), have shut down merger discussions with T-Mobile US is, in Moody's opinion, modestly credit positive for Sprint. For further information please see the issuer comment posted to moodys..
"maybe you higher a CEO who has run a public company before"
You mean like Mark Zuckerberg,(Facebook) Marissa Mayer (Yahoo) Donahoe (ebay) Larry Merlo ( CVS/Caremark) Peter Swinburn (Molson Coors )
There are many many successful rookie CEO's
The company was founded in 1946 ...LOL...that's the longest "scam" in history...lol
Get lost clown
"He's young, he definitely brings an entrepreneurial spirit, which I think Sprint needs," said Jennifer Fritzsche, an analyst at Wells Fargo & Co. in Chicago. "That youth is an asset."
into a $7 billion business he tapped to fund his love of soccer and enter Miami's celebrity-filled social scene.
The 6-foot-6-inch (2-meter) Claure, who holds both U.S. and Bolivian citizenship, founded Brightstar Corp. in 1997, three years after taking a job as a general manager of Bolivia's soccer federation. His move last year to sell a 57 percent stake to SoftBank Corp. (9984) for $1.26 billion elevated him to the cusp of $1 billion in net worth, a topic that made him laugh in a May interview with Bloomberg News.
"I'm happy with the amount of wealth I've created for myself," Claure said at the time. "I like to leave it at that."