I very well could be. When the largest publicly traded coal company in the world is trading as a small cap, that could spell opportunity. only time will tell
What a bargain $30,000 and it only takes them 18 minutes to set it up. SCAM!!!!
COAL IS ALIVE, it's ALIVE its ALIVE!
COAL the perfect fossil fuel
If fossil fuel prices will all be "VERY OUTRAGEOUS" as you say, wouldn't that be good for fossil fuels? BUY COAL AND MAKE MONEY!!!! checkmate
1% of ACI can be had for a little over 200,000 it is crazy to think that someone with 1,000,000 could own a 5% stake in ACI. I would think that some company or individual would take a gamble on it and try to accumulate as much as they can....
It depends how you define ok. What price are you short? Do you have a exit strategy? how much drawdown can you handle?
Winners? they are not making money at these nat gas prices! I guess if you call winning...
NAT GAS is dead at this price. Just hold your nose markp1950 and buy some BTU, it will make you money!!!! If I'm right you eat crow and I will send you coal pie! If you are right I will eat crow... Only time will tell
Coal has regained the top source for US power generation taking it back from Nat gas only a month after it lost the top spot.
That is the opportunity my friends... Right now it is a bet on survival. If Arch can survive and be somewhat stable again (cash flow positive) it is a 15-20 bagger from here. If they can thrive again it is a 50-100 bagger from here, to me that is worth the risk of losing 100%. Stay patient my friends...
People calling for the demise of coal because of cheap nat gas are failing to realize that nat gas at the current price is the demise of nat gas. Nat gas companies are NOT profitable at the current spot price...
Traderjb07, If you are doing 100% a year on your portfolio year after year, then you should write a book or start a hedge fund and you will have people beating down your door.
And that is what makes markets... you may be right, but I have 100% downside with 1000% upside. That is worth a speculation in my opinion, just like CCK back in early 2000, Pier 1 in 2009, XM radio in 2009, GLW in 2003, LVS in 2009, Ford in 2003 and I could go on and on of companies that were priced for BK, that rose from the ashes to thrive once again..
If a coal company were severely bankrupt (as you say) how do they keep on producing coal? are there workers and suppliers working for free and giving their supplies away?