Funny how people on the message board always like to post after the fact that they sold at a much higher price. If you actually did sell at 4.10 you should have posted it then, instead of now after the price has cratered, it would help your credibility and make you look like less of a clown.
6.5 million float was at the beginning of the day (split adjusted). Could now be over 10 million with the continued dilution and 100 million by end of the week.
And after dilution it dropped more.
How much more is left? Serious answers only please. Thanks!
Huh? It was trading at 9.80 prior to the deficiency notice from FDIC. Then came the word that Hacienda would not pay them the tax credits. So, they would need BOTH the tax credits to be paid + they would have to raise enough capital before it is even worth close to 9.80 again. You are pulling price targets out of your butt in a desperate attempt to justify a bad trade.
I'm not short singingsoprano... I'm new here and just trying to understand this stock better and figure out whether it's worth a buy or not. I want to understand the negatives as well, especially why they posted a surprise loss and are projecting a heavy loss next quarter. That makes me wonder if third quarter will also have a loss, and whether this is a trend that will be hard to turn around.
Also, I have observerd there are a number of other small retail companies that are also struggling (for example WTSL which has no debt, insider buys, and about the same in revenues and market cap as GMAN) and I'm trying to figure out which ones will die and which ones will survive. Obviously the ones that survive are going to make a killing, but many will die- when sales go down that trend is very hard to turn around for retail.
Shorts are very smart... right now they are actually covering shares while a large amount of bad news is baked into the share price. They probably knew about the EPA announcement and predicted the selloff following the news. Once the selling abated, they know there will be an absence of news for a while and decide to book some profits and move on. That more than anything is probably why the share price has stabilized in the past week or so, despite the stock market being red. Shorts, good job being sneaky and covering when there are not enough longs to squeeze you at this time.
Despite all this they are losing money? I thought they were supposed to be profitable, now they projecting a loss next quarter too?
I hope you understand by now that ANR cannot compete with lower cost producers in Australia and that part of the world - furthermore the building of new shipping ports on the West Coast are being blocked.
JE is an interesting play. But what is worrisome is they had to sell part of their core business recently. How much will that reduce their future cash flow? Will another dividend cut be in the works?
Putting aside bias for a minute, do you guys really think it's right to destroy a mountain that took hundreds of millions of years to build a coal mine? Normally I'm not an environmentalist, but Appalachia is really a beautiful area and in fact I just got back from hiking there his past weekend. I can't see how this practice is legal- you can replant trees, but you can't regrow a mountain. The crazy thing is despite this practice and the destruction of the environment, Appalachia remains one of the poorest areas in the country.
I agree ANR is better than ACI. My question is whether ANR is worth investing in at this time, and what are the catalysts to turn it around in the coming years. I believe a lot of recent longs here are simply traders who bought in hoping for a bounce due to the recent selloff, but they have been disappointed, as all the institutions have been selling and cutting their price targets. If this continues to fall then many of these fickle traders may capitulate and move on- it's hard to find a bottom with no catalysts on the horizon, so maybe best to just stay on the sidelines until sentiment changes.
I'm curious as to the answer of this too. I think too much focus is being placed on current assets, and not enough on projections into the future. Remember stock market always looks ahead.
1) Democrats in the White House. Hilary Clinton looks strong for 2016, and Republicans have nobody to match. Furthermore demographics are making it harder and harder for a GOP president to be elected.
2) Lower cost overseas producers producing ample coal to service the high demand coal countries, especially China and India.
3) Increasing amount of natural gas wells coming online with fracking.
4) Solar, wind, and other alternative energy maturing
5) EPA regulations leading to diminished thermal coal usage
6) 70% of Americans supporting regulations on the amount of carbon put out by power plants
7) Difficulty achieving approval for new ports, making shipping even more expensive
8) Over 3 billion of long term debt at very high interest rates leading to high interest expenses
9) Coal companies continuing production despite bankruptcy, such as PCX.
10) Shorts are covering, but the share price is actually going down while they cover!
"The point is met coal does not have to go up near term. It's not like they won't have liquidity for a long long time. "
Met coal prices are projected to continue to fall for the LONG term, not short term. There is a massive oversupply that will last for years and years and that will eat away much of that liquidity you are speaking of. Then you are left with over 3 billion of debt that becomes due after that- ask yourself why is it they keep pushing out their debt if they have so much liquidity? This is a LONG term problem not a short one. And how is ANR to recover? They can't ship coal to China and India at a competitive price. Democrats rule the White House due to demographics. EPA is cracking down on thermal coal, and production from power plants will go down. You tell me how they will recover.
Wow- very rarely does short interest go down as the share price also plummets. I've never seen that happen.