Boyce also stated that coal sector is improving and than BTU lowers current year guidance. The man is a liar and has been lying to investors for several years now.
I am a coal bull but that report was not very good...they also lowered guidance for year. I expected more out of BTU.
Investors have been waiting for years now...the patience period is over as many have lost so much money in this company. The time to show results is now. Like cardboy said every CC management paint a rosy picture of industry improvement but the numbers do not show this rosy picture and this is what drives PPS.
I agree..I was in high as well at one time and sold but quarter after quarter the numbers miss estimates. If the future in coal is improving than why did they lower guidance? used car salesmen are these ceo's.
And management still does nothing to help investors...Stay away from this POS stock...Hopefully all management gets pink slips in near future...employees and investors lose everything and management team gets rich.
Coming to all coal stocks after BTU announces more losses tomorrow and the CEO's of these companies will not give one damn about the stock price as investors and employees lose everything. They may even give the management team a raise...The company management teams are the crooks that screwed investors in purchasing companies at the top of the coal cycle...These stocks may never recover. Time to move on to the CMG's. AMZN that never go down in this market
USA coal companies will all miss their numbers like we have witnessed for the last three years. The government has destroyed the industry in the USA...coal companies elsewhere are going to pick up the slack and profit when they supply India, China because our coal companies in the USA cannot even get our coal to the power plants that need to replenish the supply at home never mind overseas.
They will miss just like they always miss for the last 3 years...Boyce will stay rich and may even give the management team a raise as investors lose everything. This is how the coal executive teams work. Or Boyce will run to Cramer and say everything in the coal industry is amazing like he did at the top several years ago.
I am sure they will get their coal from Russia just like the USA power plants are doing...vote Republican I am ...time to put the backbone of America back to work the coal miners....clean coal is the future and Republicans actually grasp this concept.
It is obvious a large short position is the Street and the hedge funds that the street are talking heads for...many articles released by the street on coal these days. Always biased towards the downside although anymore downside and we go to zero. Cramer is the biggest POS and should be in prison. Any good news is overlooked and any negative is immediately written and published immediately. When they are long you will know and it will be in near future.
Horrible CEO and management teams at ANR, WLT, ACI. This is the reason the PPS of these stocks are close to all time lows. I agree...sell the companies for a discount.
I agree...ANR numbers were the best of all coal companies during earnings last quarter of (BTU, ACI, WLT)...Not that it mattered because we are so close to a 52 week low anyways. ANR is not going bankrupt anytime soon...WLT on the other hand needs MET coal to go up very soon. Investors continue to say ANR will turn but quarter after quarter we see a lower PPS. It is frustrating to say the least that the management does little to help investors...Still nothing on the second JV and I am sure not much will be mentioned during CC call this quarter as well and Wall Street will beat the stock down into the 2's...Although the way this stock sells off we may be in the 2's before the CC.
For three years shareholders of coal companies have been thinking the same as yourself. I trade these stocks and have some long ANR shares from high 4's but I also do short these stocks at times to make up for my long ANR shares underwater. What makes you think this quarter will be any different from previous quarters? coal prices still very low and not much has changed from last quarter earnings date. The management of coal companies are their own worst enemy as it took them too long to idle mines...not to mention buying companies at the top of the coal cycle.
This week...market bounces back ANR is hitting the low of the day. Every time this stock breaks the previous low of year it tanks...Looks like it will happen again this week....management says and does nothing as usual as shareholders like Ben lose everything watching Wall Street/ANR management destroy shareholder value.