look at clf write down as a guide. clf's book value, after a massive write down of assets, is now -$14. see yahoo clf finance statistics for support documentation. not saying clf is chk but it does effect BV.
fair enough. commodities at times are an extremely tough market to make any sense of since it goes way beyond strictly supply and demand curves. Commodities are the most emotional charged trades in the markets.
you should have held out for aci and wlt to go bk. they will still be selling coal (maybe) if someone backs them with liquidity, which is very iffy. btu will get a nice bounce on those two bk news and the btu short squeeze.. btu will be the biggest last man standing to supply the 33% of U.S. electrical (lesser coke) needs
figures. also, look at Cramers TheStreet (TST) stock price - $1.99 or - $3.83 less than BTU. BTU is doing much better than Cramer
TheStreet Ratings team rates LUMBER LIQUIDATORS HLDGS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LUMBER LIQUIDATORS HLDGS INC (LL) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."
They must not get 60 Minutes where there located.
"Analysts at Axiom Securities downgraded the international mining company to "sell" from "hold" earlier today.
The firm also cut its price target to $2 from $9, saying it expects a near-term collapse in iron prices.
Axiom analysts also cited currency devaluations versus the dollar, which means a lower cost curve for Cliffs' competing companies. "
agree. even nat gas is only a short term utility fix for burning coal since those fracked gas & oil wells lose about 50% of production in there first year and the other 50% in the next 6 months. not to even mention the saudi's and opec running the fracking costs up way beyond break even. obama and the news media has really hyped fracking as the savior.
ha trying storing your solar and wind energy in those cell phone batteries musk uses for his cars. this is going to be fun watching the whole "clean" energy industry collapse and your retail greed get guillotined
yeah this guy really is at war with coal. he even went to india just to talk them into nukes to replace coal. man, if the repubs ever get the white house again, LOOK OUT. we're gonna have $200 per barrel oil and $200 per ton coal. stay tuned. btw the koch brothers are going to spend $1 biilion of there own money on the next Presidential election. you know where that money's going, right?
its politics, commodities cycle and wall street looking for a bargain. if a person doesn't have an iron gut you need to stay clear of coal,
smart analyst's build this into there models as a contingency. they don't mention it because not everyone, i.e. other analysts, think of it
no one (utilities) would sign a future contract on commodiites with a fixed price without putting in a clause to have the price lowered by some amount if the commodity price crashes. producers always "forget" to mention this when they talk about there production being committed i.e. priced. just look at gas & fuel price clauses for surcharges for truckers, airlines etc.
ok, makes sense, that to. thanks for your reply.
i know he doesn't take over till May (after 1q) what i mean is after "his" qtr or q2
doubt it. this management is really at their best when they don't do anything as they have been. instead of a $5 stock we would be at $1 with the others in the sector if they do ANYTHING..
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 !
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.