I would differ on the value .with 360 million tons of coal.....developed mines could easily bring at least 2 bucks per ton...buying IRP for 475 million in cash just a few yrs ago certainly took away the cushion...but added met giving even more value to James...it is cheap by any metric, and coal prices weak for them...but,,,any of the larger co's could take the cash, give them stock for the buyout....pay off all their debt and operate cash flow positive immediately...that is why I believe...certainly hope, will happen with this small fry that got sqeezed to death....Or even a private equity co taken them out....BK could be used and is an option ,and wouldn't help most...wow...hard to believe...even fannie and freddie are not 10 times higher than when everyone stated the stock is worthless
now...sucks being small
the price...euro was 1.28 now 1.37....is nothing helping any of these....coal pricing has firmed and is moving up..slow but still moving up.
hard to believe in buying the safest when these get slammed like this...it's the cheapest in the sector...and here we are down this much...unreal...hate these days
Agree, great to see, however, these are options priced at 10.91 not purchases....but still good and gives incentives to the insiders to move this up....I'm sure very soon, you'll get a carl Ichan or other Hedge activist touting walter to sell or sell parts.....13G's filed in the past 30 days for aci, anr, wlt is huge...so many traders lost big on these it's hard to go back to the well wishing.....if someone told me two yrs ago Nat would be over 6.00 , euro over 1.37 and coal pricing moving up....and all 3 of these selling at all time lows...I wouldn't believe it...WLT would be 30 plus...aci over 10, and anr over 15 for sure.....it's the airline trade right here in front of us...except these assets don't depreciate over time, the will increase...you can 't start up a coal mine under a billion with 10 yr epa approvals. It took JRCC 5 yrs to get final approval last summer on expansion of a mine already operating....coal will be the cheapest fossil fuel for electricity for years to come.....I have posted before...if this aint the bottom..then I'm braindead! Good luck longs...just maybe soon we'll see green again.
We won't last to much longer down here...time for a coal run
Well, the best I can say about renn is that it's holding the 3.00 line.....what really is going on inside the co is anyone's guess...who knows where the cash is...
They haven't even put out a press release that they Investor relations person left....another decision showing they don't really care about us investors...Sam and Joe run the show...Wall st votes against them on all upticks...shorted back down..
What's your point...?? I wouldn't short this with anyones money..if that's what your trying to do with that post....
really, just where do you find this info...chen don't care about anything but himself...he's buying back stock slowly getting more ownership for softbank and himself to take it private for pennies on the dollar..they own over 85% now due to this...and how no desire to increase the price until they own it all....the actions speak for themselves...they took 800 milion back to chinatown at 14 per share...they did 5 investor conf in hong kong with out a press release in the US where they are listed....they spent 59 milion on soci finance..no earning, assets, revenue..nothing..where did the money go..not even on the books..check the 6K's...ridiculous and fraudulent...they sell the balance to bidu of naomi...and don't release the amount of the sale...give me a friggin break...such disregard for shareholders and wall st.....Big money left a long time ago because of this and alot more....yea , just maybe he'll sell out at sometime...but probably not...he'll take it private to legally keep all of the money invested into the co...then relist in Hong Kong...maybe then he'll act with fraduciary responsibility like he should have been doing all of this time....Even Margret left the IR dept...now at LITB....Sam Long has never, ever responded to email requests.....they blow them off!! Therefore Wall ST...wrote them off....I do hope if your long, maybe that reward of an uptick comes...good luck to you suffering longers....Uh..
it's a penny per share...many funds can't buy a stock unless it pays even a penny div...wall st has punished these coal companies for sure...after they funded them all and funded all the M&A..with millions of fees...they will take them back up at some pt...you can't start a new mine up without a billion in cash plus 10 yrs epa approvals.. coal is finally moving up in price, and will become much more valuable good luck to all suffering longs...I hope today is the low of the yr..
guys do...it's time for sec complaints...anyone can do it..
really, alphafa research...!! They are nobody...fslr trades like the weakest sister always...I don't get it...until GS accumulates enough, then they'll upgrade for the big move...MM's just manipulate this one...hate it
no offense daily...it's not your money the co is using...your just a renter of stock...like all investors..if you funded originally on the IPO you could make that statement...but, we and them have suffered...they should take out the story of walter building homes..who cares about that anymore...the coal market is definately hard to get a handle on...at least we have big funds buying more...so just maybe the value here is safe...lets hope we get some green soon.....good luck to all longs...
Yea, alot more to say...but Margret left the IR dept and went to LITB for good reason...she was the only one ever to respond to email requests...Sam long...really ,,,only on a few press releases did his put his name and email address there..I've emailed him at least 12 times in 2 yrs...never, ever a response...they really dont give a hoot about us stock holders...they are taking it over, slowly, and carefully without allowing the stock to move up much...the ADS float has been cut from 52 million , and not sure exactly what's left that they haven't bought back..my guess is less than 18 million shares..which give Chen and Softbank most of the ownership.....they will take it out I do think at some point private...then relist in Hong kong....they did 5 investor conf there without telling anyone..no press release..nothing...ridiculous fraduciary actions...should be sued from US stockholders ...amazing to me that softbank is giving Chen so much rope after investing 400 million 5 yrs ago?
the poor management, poor board, he has taken 800 million from US investors and put it directly into his pockets...buying back shares slowly and cheaply is his plan to take it private for pennies on the dollar...his class B shares tells it all...total control...board is just friends....and over a yr past spending shareholders 59 million on soci finance...who got paid...nothing on the books showing assets, no income, nothing....a friend or relative that also graduated at stanford got more investor money...with the buyback, softbank and Joe control over 85%...wall st knows the scam but does nothing...except leave the stock where it belongs...in the trash pile...how they can put out the sale of naomi and not put figures on it is beyond me! And David Chao...jesss what did he do on the board after 6 years...investing 120 million of DCM's cash...good luck to all suffering longs...I do hope somehow this pays off, however, after 2.7 yrs from the IPO date..at 14.00 ...that is one terrible IPO for investors...but not Joe Chen...his pockets are full
get any mojo up...scty still over 74 bucks with book at 3 bucks...fslr book 44.00 unreal cheap...GS must have lost alot on this in the past...and their payback has hit hard to all longs...
Yea I do...would have been the best trade buying up amr shares in bk...wow...missed that ride...but, it's coming down to supply and demand...this cycle will turn eventually and wall st will start talking about the assets that can't be replicated...starting a new mine costs well over abillion and 10 yrs of approval process...JRCC last summer finally got a permit to expand that took them 5 yrs finally...Nat staying this high, oil still in the 90's...solar takes yrs and huge investments...it is just a matter of time...but who of us longs thought we'd be here trading this low with all the headwinds talked about 2 yrs ago gone....nat was 2 bucks, Euro 1.28....unreal....We will see Private equity move in soon...like they have buying up the foreclosures.....Big money can deleverage any co, buy them out with cash..pay all the debt down...it will more than likely be Buffet making the first move...to supply his rails. good luck all, lets hope for black gold for us all
more elsewhere, if your investors in JPM, why do you #$%$, the stock is up near 52 week highs...bank making money...yea, the disconnect from the haves and have nots will always be there...unfortunately...Start blaming wall mart, target who pays 8 bucks a hour to most workers keeping them below 30 hrs per week so they don't have to pay health care...