yeah btu has a debt to cap of 80%, not exactly a pristine balance sheet but the debt isn't breaking the company and the dividend of 4% appears intact and still beats 30 year bonds. this is a company to double down here if your still holding shares with big draw downs say from the +$30's. BTW yes, hedge and other funds do indeed double down on big share draw downs, its how they stay in business.
I think it means the sellers are all but gone here and we'll be moving in a tight range ($7-8) sideways till the Qtr at the end of January. Than a very slow but steady rise to resistance.
i kid you not. because beef cattle use up too much irrigation water, nitrogen, energy to raise and plants compared just eating your vegetables. the new guidelines are to eliminated beef including hamburger. who's next for these new laws? your local grocery store? we'll all soon be saying WHERE'S THE BEEF? The Cattlemans Assc. is really boiling over this.
interesting. this would put a higher premium on shares available to short thus making it more expensive to short and reducing the shorted shares.
also, the lower the share count available to short the higher the premiums the brokers charge to short. so the shorts take a big pounding from the brokers as well. i'm still amazed by the number of people shorting stocks that aren't the funds and institutions off setting there long positions but the little guys with there necks hanging out.
If you are long RIG (BTU?) make sure that all your shares are for sale, Say $45. That way the shorts can't borrow them.
It's like taking them out of the float that the shorts need to cover. Good luck covering shorts.
My Reply:interesting. this would put a higher premium on shares available to short thus making it more expensive for Shorts and reducing the shorted shares.
Kwilet750: Just make sure any shares you purchase are for sale long term at a high price, That will take them out of the float of shares the shorts need to cover. I started buying (RIG) and will keep buying some on the dips, but I to am waiting to buy the Big chunk on the dividend cut news that's why I don't think there will be a big drop like everyone thinks there will be.
P.S I just put in a $45 GTC sell order on my shares. Its good for 90 days. Than I'll do it again.
cramers a huge loser (his charitable trust) in ensco and vale for 2014. he pushes the momo stocks be careful.
the $45 sell order i have in are for ALL my BTU shares of course. I do not own Rig yet
Guy on Fast Money says & he's the boss!
this is THE bottom folks blue sky from here
av cost for saudi oil $10 thats breakeven. they have $1t in u.s. dollars and a very bad attitude towards competitors like shale and off shore. being a rocket scientist to figure out whats going on isn't needed here.
triple down when it gets to $5 and you'll get all your money back in less than 1 yr versus waiting 5 years without
citi hasn't cleaned house yet and SEC is to blame. don't give these citi crooks your btu shares for free
True contrarian value investors and followers of graham will act now and buy btu because its at half book value and graham says thats the "margin of safety" see below from wikipedia
"Using margin of safety, one should buy a stock when it is worth more than its price on the market. This is the central thesis of value investing philosophy which espouses preservation of capital as its first rule of investing. Benjamin Graham suggested to look at unpopular or neglected companies with low P/E and P/B ratios. One should also analyze financial statements and footnotes to understand whether companies have hidden assets (e.g., investments in other companies) that are potentially unnoticed by the market.
The margin of safety protects the investor from both poor decisions and downturns in the market. Because fair value is difficult to accurately compute, the margin of safety gives the investor room for investing.
A common interpretation of margin of safety is how far below intrinsic value one is paying for a stock. For high quality issues, value investors typically want to pay 90 cents for a dollar (90% of intrinsic value) while more speculative stocks should be purchased for up to a 50 percent discount to intrinsic value (pay 50 cents for a dollar."
fcx gets a double hit from oil and copper. fb is on a daily user treadmill and keeps upping the numbers they need to beat. fb will peak in users and collapse and the fb investors holding the stock will crater with them. the east coast money center banks will get out of fb long before the retail trade making the drop off the cliff even steeper. fb is a disaster waiting in the wings for the little guy - again.
the price of coal will go up because of a cut in production. problem is after today it looks like btu will be the one going bankrupt.
agree.btu's plan to turn around there company is to bend over spread there cheeks and take it up the kazoo from the feds, wall street, environmentalists, etc. etc. problem is btu's shareholders ARE ALSO GETTING IT !