AGAIN!
Hey dumb#$%$,
I never owned PCX. I made money on ANR because I know when to get in and WHEN TO GET OUT.
I have one screen-name.
You've been pumping ANR from the 20's....all the way DOWN. You are the one losing your #$%$ in the market.
bump!
Coal India output up 5.7% in April
NEW DELHI, MAY 2:
Beginning the new financial year on a positive note, Coal India has reported 5.73 per cent jump in production for April against the same month previous year.
The production stood at 35.75 million tonnes against 33.81 mt and the offtake at 39.89 mt (37.76 mt).
“This was despite the fact that several state power utilities did not accept their committed quantity of coal as they were flush with coal at their plants. They have specifically requested CIL not to effect further supplies as their plants were replete with stocks,” the Coal Ministry said in a statement.
Interestingly, coal offtake was 4.14 mt more than the actual production, which means the entire additional supply came from the liquidation of the ground stock.
CIL began 2013-14 with a pithead stock of 57.86 mt which stood at 53.72 mt at the close of the month.
Coal supply to power utilities stood at 29.55 mt (26.82 mt), a growth of 10.2 per cent.
Coal India loaded an average of 201 rakes per day during the month against 181.5 rakes a day in April last year, up 10.7 per cent.
On July 9, 2012, Patriot Coal Corporation and all of but two of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.
falconflight1 • Mar 2, 2011 9:53 AM
What about Shorts? They're ok then?
benstevens75 • Mar 2, 2011 8:39 AM
Why don`t you put yourself and your other names at the top of the list. You add nothing to this board . If anyone is a snake it is you. How many times have you traded PCX? What gives you the right to tell others what they say or how they trade their stock? If you have traded PCX one time your standard makes you a fake. Get lost.
Myself:
benstevens75's first post is December 27th, 2010. On February 4th, 2011, Ben (or whatever his real name is) posted the following:
"I sold my MEE and bought PCX. Better deal than MEE. If that deal goes south PCX will be the place to be."
Will thoroughly examine Ben's posts from February 2011 to present.
Will be able to inform the board of any other possible screen names that Ben might be using.
Shocking that falconflight1 and benstevens75 both responded in the March 2nd, 2011 post ON THE PCX MESSAGE BOARD and those same 2 screen names are now posting on the ANR board. Are they 2 different posters that happen to post together ON DIFFERENT MESSAGE BOARDS....or are they the same person?
(will let everyone know how much of that I find....will list my support if I conclude that they are the same person)
Did benstevens75 keep recommending PCX up until their bankruptcy? (I'll let you know)
At what point did benstevens75 start his stalwart support/pumping of ANR? (I'll let you know)
What was the ANR price per share when Ben Stevens first started pumping? (I'll let you know)
I'll let you know if I find similar "expressions/word phrases" used by other screen names....that might constitute evidence of benstevens being one poster using multiple screen names.
All we have right now is that benstevens75 started with posts in support of PCX (Patriot Coal), which subsequently went bankrupt.
AND
the interesting fact that he and falconflight1 were responding posting together (same threads, same side) on the PCX boar
BUMP!
First Reserve exited their position in ANR in January 2006!
So what is the point of your posting an article (without the date) that shows a great return on their coal investments......that they held FROM 2002 TO 2006.
Hey everyone....Ben Stevens is a snake.....now that you know that First Reserve's great return was on a coal position initiated in 2002 AND EXITED IN 2006....WHAT IS THE POINT OF HIS POST?
Look at a chart of ANR from 2006 to present. GET IT?
Let me find some of good ole Ben's posts from prior years.....when the price of ANR stock was multiples of what it is now. How many of you have ridden it ALL THE WAY DOWN?.....WITH BAD BEN.
FROM THE 1ST RESERVE WEBSITE:
"Alpha Natural Resources, a leading Central Appalachian coal producer with significant operations in Northern Appalachia. First Reserve invested in Alpha in December 2002 and during its investment period, Alpha made nine add-on acquisitions. Alpha went public in February 2005. First Reserve exited its investment with a sale of its remaining position in Alpha in January 2006."
HEY BEN....WHY DIDN'T YOU POST THE FACT THAT FIRST RESERVE EXITED THEIR POSITION IN ANR IN JANUARY OF 2006?
DOUCHEBAG!
The market IS reacting to data points/news.
Look at the price of thermal and metallurgical coal.
Slowing Chinese economy. (don't know what to believe here...I don't trust the Chinese. They manipulate their currency, hack our systems, steal our intellectual property/patents, dump merchandise for less than their cost to produce in order to take over a market (e.g.--solar), have decimated our industrial base, etc.)
European slow-down/currency crisis.
The growing awareness that the use of coal is drastically declining (will support that with next post) due to the toxicity, (e.g. news articles re: Beijing air quality), Obama led EPA regulations, possible forthcoming carbon emission penalties, PRICE OF NATURAL GAS AS AN ALTERNATIVE, ETC.
The price is dropping because it is evident that ANR does not anticipate having the money from operations to meet it's debt maturities. People invest in stocks on the premise that they are buying into a "going concern"...not one that has to pay off debt by issuing more debt at a higher interest rate.
Could get ugly....depending on:
What interest rate ANR has to pay to obtain the 300 million.
If they (using ALL of the big brokerages) have trouble selling the new offering.
I hope so.
For Bad Ben's sake. (lmao)
"Alpha intends to use the net proceeds to fund purchases or repayments of a portion of its and its subsidiaries' outstanding indebtedness that matures earlier than the notes "
Answer:
They are issuing debt (300 million....using ALL of the big brokerages to sell their bonds) to be able to meet payment obligations on bonds that carry an interest rate of 2.375 to 3.25%. They are certainly going to pay a higher interest rate on the 300 million in bonds that all of the brokerages will be selling....in order to raise cash to retire lower interest rate bonds that are due next year and 2015.
This is NOT GOOD! In other words, the stock price has fallen....so the holders of the bonds are not going to convert to stock, which means ANR has to meet the maturity dates with cash....THAT THEY DON'T HAVE because the price/demand of/for coal sucks.
The people on this board that are trying to make this out to be a good thing, a simple refinancing of debt, etc. are IDIOTS! Why do you think the after-hours price dropped...in response to this news, which was released at 4:01 p.m. (1 minute after the market closed)
bonds that they will be refinancing are the 3.25% and 2.375%
Alpha to issue 300 million in new debt.
For what purpose?
To payoff existing debt. Meaning, they were issued the existing debt with the expectation that they could meet the balances due with income from operations (nobody makes a loan on the basis that you have to refinance to meet the balance due at maturity), BUT THEY CAN'T.
And you see this as a positive???
They are issuing 300 million in convertible senior notes due in 2017...in order to pay notes that come due before 2017.
"Alpha intends to use the net proceeds to fund purchases or repayments of a portion of its and its subsidiaries' outstanding indebtedness that matures earlier than the notes "
ANR's senior notes that mature in 2018 are at 9.75%.
At what interest rate is the new offering of senior notes being issued at?
What interest rate on the notes that mature before 2017? (because the new notes are being used to meet these obligations......is the interest rate on the new notes higher or lower than the interest rate on the notes that mature before 2017?)
Note that they are using all of the major banks/brokerages to "sell" this new offering.
"Barclays, J.P. Morgan, BofA Merrill Lynch, Citigroup, Morgan Stanley, BMO Capital Markets and Deutsche Bank Securities are acting as joint book-running managers in connection with this offering. "
DOESN'T LOOK LIKE GOOD NEWS TO ME.
You're not holding any shares. I've read your posts.
bump!
Close was $14.69
Current after hours bid is $14.69
Ask is $14.70
Same reason that Credit Suisse reiterated their "Underperform" rating today....THEY WANTED TO DRIVE IT DOWN IN ORDER TO STEAL RETAIL SHARES. Looks like it worked. I've seen this many times before.
GOOD NEWS COMING SOON!
Sentiment: Strong Buy
Go to the Yahoo Summary Page....
Sentiment: Strong Buy
Dell: Buy BlackBerry, Stay Public
Apr 8 2013, 07:51 | 75 comments | about: DELL, includes: BBRY
By Richard Saintvilus
I've said before and I'll say it again, Dell (DELL) should buy BlackBerry (BBRY) - it's a match made in heaven. Given the success of BlackBerry's new BB10 phones, which outsold the Street's estimates, Dell needs to shift focus and rethink its strategies. Instead of going "underground," management should make a bold move to remind Wall Street that not only does Dell still have the competitive spirit, but it is determined to produce the growth that Wall Street craves.
Dell has lost more than 40% of its value over the past five years. As mobile devices have grown in popularity, the company has seen its core business eaten alive. What's more, Microsoft (MSFT), Dell's proud OEM partner, has now entered hardware with its Surface tablet, which suggests that Microsoft no longer trusts its hardware partners.
With PC deaths no longer just "imminent" and are actually real, Dell seems to feel that going private will solve its problem. Michael Dell and Silver Lake Partners believe they can harvest more value as a private company. But it won't work. Instead doing this will only prolong the agony. Margins and leverage are not going to suddenly get better just by simply voiding your stock ticker.
However, all is not lost. Although Dell has failed to adapt to the new age of mobility, the company is one acquisition away from making lost ground, and BlackBerry should be the candidate. This would be the radical "game-changing" move that Dell needs to put itself back on the map and become relevant in mobile.
And third, RIM could help pave the way for Dell into the emerging LTE 4G smartphone boom, representing a timely inflexion point for growth.