A rather large correction on the way. Liquidity drying up, carry trade going away as interest rates rise.
Have you no shame Finster? You have been spewing nearly the same exact post for the past two years, riding this PIG all the way down to these lowly levels. If anyone was stupid enough to listen to your ignorant BS they would of lost a fortune. Why aren't you deep within a remote cave somewhere with a bag over your head? What an embarrassment you are.
One glaring problem with your thesis...BTU does not pay a dividend, they slashed it to practically nothing a few months back.
If the money center banks can't keep the S&P 500 above that level, we are in for a rather large correction. I strongly suspect the JP Morgan trading desk will be busy at the close buying futures to keep this Ponzi Scheme alive. But liquidity is drying up, carry trade getting tougher, eventually we break below 2090 and fall at least 10%. BTU might prove to be a short-term safe haven, it has been beaten so bad, how much more downside left unless they announce some form of bankruptcy? Not to say there is much upside.
These were the thoughts of Cramer & Citi not too long ago.
How much does pimp Jenner pay Yahoo to post Kardashian BS nonstop? It has reached the point of insanity. Yahoo stock is doomed unless it ends it's relationship with the despicable Kardashians.
It seemed highly inappropriate to perform BTU cheers under the present circumstances therefore practice will be rescheduled at a later date. Please keep panties clean and pom and poms ready! Also, Grasso posters are now available at the school library!
My noble effort to bring sanity to this delusional BTU cheerleading message board, to impart wisdom, a honest critical assessment of Peabody's stock was met with venom, disdain, bitterness and hatred. I was truly the modern day Noah, building my case against BTU as the storm clouds approached. Tragically my voice of reason fell on deaf ears and those who blindly followed the pollyannaish views of the likes of Finster paid a devastating price for their ignorance. Well now I am updating my view of BTU, I strongly suggest you read carefully and act appropriately.
Now that this Dog is trading well below $5 a share it has basically become an option, doomed to trade in a tight trading range at these lowly levels. Even though BTU has fallen from $70 to today's embarrassing $4.42 I do not see much upside and I see the real possibility of some form of bankruptcy in the next two years brought on by stricter environmental scrutiny, increased mining fees imposed to exploit public lands, a highly leveraged balance sheet, elevated level of interest on debt, continued weak demand and pricing both here in the United States and more importantly abroad. Cost cutting alone won't save BTU and selling asset below cost is a losing game.
One must comprehend both China and India possess internal coal reserves estimated to last 50 years and beyond and have recently stated they will be developing those resources reducing their dependence on coal imports in the coming months. Add to this equation their commitment to tackle their growing pollution problem, well not a good environment for a leveraged coal company relying heavily on exporting to emerging markets as their domestic U.S. coal market slowly dies.
And of course there is the huge problem of overcapacity which is not going away anytime soon as the abundance of Nat Gas, LNG grows & smaller bankrupt coal miners producing below cost because it is cheaper than the expense of closing shop remains endemic. Outlook extremely bleak.
Moose tried to warn you...Sadly the vast majority of BTU cheerleaders did not listen and have paid a devastating price for their ignorance.
Only a fool such as Finster would blame BTU's demise on the Democrats. The only person you should be kicking is yourself for riding this PIG all the way down to these lowly levels. Your bonehead logic and endless BTU cheerleading was proven painfully wrong, time and time again. I suppose it is understandable you possess so much anger, lashing out at others for your huge BTU losses. Try to get some sleep or go for a long walk your stress and anxiety over your BTU fiasco is obviously wearing on you.
There is something seriously wrong with Rail....I am beginning to doubt he even owns BTU shares or otherwise he would not be so enthusiastic about riding this pig down from $70 to under 4.50
Has it ever occurred to you that continually adding to your BTU position only guarantees more painful losses? This PIG has plummeted from $70 a share to less than $5 in four short years and now pays no dividend. Your logic is severely flawed. There is no fundamental reasons to purchase BTU, in fact, the outlook for BTU grows dimmer by the day. If BTU was not severely leveraged it might survive the storm but unfortunately it is and for that reason some form of bankruptcy is a real possibility.
I highly doubt it.
People are sick and tired of seeing despicable Kardashian BS plastered all over Yahoo!
It might not be a bad idea to purchase some protection in the form of ETFs that short the major indexes such as SDS, at least for the short-term.
BTU has become quite the leading indicator for stock market corrections, this time is no different. Anytime this dog goes up it often proves to be a harbinger of bad things for the overall market. Add to this another negative barometer, historically anytime utility stocks are falling at the same time yields on govt debt are also falling (which has been occurring of late) we have seen a major correction and sometimes the beginnings of a bear market for stocks. May I suggest buying some protection in the form of ETFs that short the major stock indexes such as SDS. Lights are clearing blinking red...Danger, Danger, Danger!