Yes , one he!! of a buying opportunity. That's why I'm looking at this stock now . Looking for that buying opportunity.
Best of luck to you .
After Chelsea returned from a date, Hillary asked her if she had a good time.
Chelsea said she had a wonderful time and thinks she's in love.
Hillary said, 'You didn't have sex, did you'?
Chelsea said, 'Not according to Dad.'
I really don't care if I never make it into the top 5%. I'm just happy to invest my money . Then spend the dividends . I don't need to make a killing . I'm just happy to keep what I have and spend the interest . As you can see by my earlier post , I won't be here 9 months from now . As I already sold my shares on 12/4/15 at a lost . That's not to say I don't hope you're still making money 9 months from now . As a matter of fact , I wish you all the best of luck with ARLP.
wareham2620 wareham2620 • Jan 26, 2016 11:19 AM
I still think ARLP is the only coal stock to take a chance on . However, I got out at a lost of my purchase price .That is after many years of great returns on my investment with ARLP .The reason I got out was the meeting in Paris and ARLP's earnings heading down .
Then the railroad article I've read " after I sold ARLP " stated ,their drop in all shipments. Coal led the decline with a 32 percent drop in carloads . Then you ask why am I here ? Well I just keep looking back to see if I should kick myself in the a$$ or not .
According to yahoo the earning per share are heading down . TTM $3.47
this year $3.07 and next year $2.54
Jan. 13, 2016,MAHA, Neb. (AP) — CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.
The railroad's forecast for lower freight volume suggests the overall U.S. economy may be slowing after several years of steady growth.
"We're calling it almost a freight recession," Chairman and CEO Michael Ward said Wednesday. "We really think there are some challenges on the industrial side of the economy."
The railroad's fourth-quarter results showed an overall 6 percent drop in all shipments. Coal led the decline with a 32 percent drop in carloads, but few sectors showed any growth.
Ward said the railroad will continue working to improve productivity and cut about $200 million in expenses in 2016.
CSX also plans to reduce its capital spending this year by $100 million to $2.4 billion and park some older, less-efficient locomotives that aren't needed.
"2016 will be a more challenging year," Ward said. "Volume in the first quarter and for the full year will decline as growth in some markets continues to be offset by the significant impact of continued coal declines, low commodity prices and a strong US dollar."
Coal demand has fallen significantly over the past several years because of environmental concerns and because cheap natural gas prices prompted some utilities to switch fuels.
Intermodal shipments of containers that arrive in ports via ship grew 4 percent for one of the only major bright spots in CSX's traffic report. Automotive shipments improved 5 percent in the quarter.
The Jacksonville, Florida-based railroad said Tuesday its fourth-quarter profit declined 5 percent to $466 million, or 48 cents per share, on $2.78 billion revenue.
The quarterly results were helped by a one-time property sale that added $80 million, or 5 cents per share, to CSX's profit. Analysts surveyed by Zacks Investment Research expected adjusted earnings of 46 cents per share.
Citi analyst Christian Wetherbee said the railroad's results were better than he expected thanks to tight cost controls.
CSX operates more than 21,000 miles of track in 23 Eastern states and two Canadian provinces.
Its shares fell $1.67, or 7.1 percent, to $22.03 in afternoon trading Wednesday. Its shares are down more than 34 percent over the past year.
Under (market) pressure
Most companies, even those in the commodity space, that are well managed can weather the ups and downs of commodity prices without having to make cuts to their payouts. Typically, those well-run companies were conservative enough in paying shareholders that there was a cushion to pad any fall in prices. For the past several years, Alliance Resource Partners fit that bill. Despite being in the coal business -- not exactly a growing industry -- the company had managed to remain solidly profitable with its low-cost mines by taking market share from others and not taking on too much debt. Even today, the company has a pretty clean balance sheet in an industry that has become morbidly bloated on debt.
Unfortunately for Alliance, there are external factors that continue to weigh on the coal market. Cheap natural gas continues to take market share in the electricity market, and exports of coal to places such as China haven't been what companies had expected them to be just a couple of years ago. This has led to a huge buildup of coal stocks to the point that prices for new coal production are at or below every player's ability to make money.
The company already decided that in 2016 it would keep its payout the same as last year's, halting a 12-year streak of constant increases. Still, with coal inventories continuing to build up and bankrupt producers still sending coal to market, things are looking like they will keep getting worse to the point that Alliance's payout may not be sustainable for much longer.
The Insider Transactions Reported - Last Two Years have all been buys and none sold .The earnings per share has been heading up according to Yahoo. TTM 0.91 , this years expected earnings 0.99 and next years expected earnings of 1.18 , so things are looking good from here .
A DEA officer stops at a ranch in Texas, and talks with an old rancher. He tells the rancher, “I need to inspect your ranch for illegally grown drugs.” The rancher says, “Okay, but do not go in that field over there,” as he points out the location. The DEA officer verbally explodes saying, “Mister, I have the authority of the Federal Government with me.” Reaching into his rear pants pocket, he removes his badge and proudly displays it to the rancher. “See this badge? This badge means I am allowed to go wherever I wish, on any land. No questions asked or answers given. Have I made myself clear? Do you understand?”
The rancher nods politely, apologizes, and goes about his chores.
A short time later, the old rancher hears loud screams and sees the DEA officer running for his life chased by the rancher’s big Santa Gertrudis bull! With every step the bull is gaining ground on the officer, and it seems likely that he’ll get gored before he reaches safety. The officer is clearly terrified. The rancher throws down his tools, runs to the fence and yells at the top of his lungs… “Your badge. Show him your BADGE!”
I wish I could say I got in at $24.50 like planed . But I broke weak at @.$25.25 a share on April fools day I should have waited another week or two . As long as I'm wishing , I wish I had more money to add shares at $24,50 or below . I like CSX because it raises it's dividend and it will do well as the economy gets better .
Well best of luck to all .
Time to buy then . I'm still trying to get in at $24.50 , the low pre market was $24.70 so far .Well best of luck to you .
•By Chris Baraniuk
4 March 2016
The Suez Canal was one of the most significant engineering projects of the 19th Century. It was a gargantuan task that took nearly 20 years to build and an estimated 1.5 million workers took part – with many thousands dying in the process. But when it finally opened in 1869, ships could travel from the Red Sea – between Africa and Asia – to the Mediterranean, cutting weeks off a journey. It was a revolution for trade.
Ever since, passage through the canal has been considered more or less vital to global business. Shipping firms pay what amounts to several billion dollars every year to the Suez Canal Authority, an Egyptian state-owned entity, for the privilege of travelling via the canal.
To take an example, it cuts a modern journey from Singapore to Rotterdam in the Netherlands by nearly 3,500 nautical miles (6,480km) – saving vessel owners lots of time and lots of money.
Travelling through the canal can cost shipowners nearly £250,000 ($350,000) (Credit: Getty Images)
However, more and more some ships are deciding not to take the Suez route. Instead, they are travelling around the Cape of Good Hope, right at the southern tip of Africa. Over 100 ships did this between late October 2015 and the end of the year.
“I’ve been covering shipping for the last eight years,” says Michelle Wiese Bockmann, from oil industry analysis firm OPIS Tanker Tracker. “It is very rare to see this volume going round the Cape.” Right now, she’s keeping tabs on half a dozen diesel and jet fuel-carrying ships on this very route.
Sea journeys aren’t as costly as they have been in recent years
One of the big factors here, explains Bockmann, is the low price of oil. This means that “bunker fuel” – the thick, heavy fuel the ships themselves run on – is currently very cheap. Indeed, Singapore prices for such fuel have fallen from around $400 (£286) per metric ton in May 2015 to around $150 (£107) today.
As a result, sea journeys aren’t as costly as they have been in recent years. But is there any sense in taking longer than you need to? Ship manufacturer Maersk estimates that a vessel travelling at 13.5 knots will take an extra 11 days to go via the Cape. Why bother?
For one thing, there are steep fees for using the Suez Canal – Maersk says these can be approximately $350,000 (£249,000) per ship. There are other costs, too. Rose George, author of Deep Sea and Foreign Going, was on board a ship using the Canal a few years ago. She notes that vessels must agree to taking on a Suez crew for the transit.
Ships may continue to burn cheap fuel on longer voyages rather than spend more on canal fees (Credit: Getty Images)
“[The Suez crew] seem to do nothing but listen to tinny radio and try to sell souvenirs,” says George, adding the ships often have to pay a cigarette ‘tax’.
“On each voyage, Suez costs a ship about £400 ($560) of cigarettes, as well as dozens of chocolate bars from the bond locker.”
These irritations aside, there is also the tricky economics of oil and shipping markets.
More and more oil and refined oil products are being kept at sea or in storage as traders wait for prices to rise again
For one thing, at the moment traders are playing with what’s called a “contango” – more and more oil and refined oil products are being kept at sea or in storage as traders wait for prices to rise again. Currently there is an oversupply of crude oil around the world, and while we have more crude than we need, the demand for gasoline – a refined oil product – is quite high. This situation has led to volatility in the market and that’s where traders are making their money, says Bockmann.
“One of the trading strategies would be that they haven’t sold the cargo and they need additional time,” she points out. She also adds that ships can sometimes be anchored offshore – a situation known as “floating storage” where they simply wait for the market to favour what they have on board. “Floating storage hit a five-year record in December and it hasn’t really dropped that much since then,” Bockmann says.
The Suez Canal was built so that ships did not have to negotiate the challenges of the Cape of Good Hope (Credit: Getty Images)
For ship owners, then, the ball seems to be mostly in their court. They can choose to be at sea longer in certain cases and they can take longer routes, even shopping unsold cargo round various ports in Asia, Africa and Europe, in an attempt to find the right buyer at the right time. The ships must be the right size for a given port, and the products on board need to meet required standards in the local market – but as long as someone suitable does, eventually, buy that cargo at a favourable price, then the traders will do well. If not, they could lose money.
For now some ships have decided to take those additional thousands of miles round the Cape, hoping that at the end of the voyage they’ll come out in profit. It may seem strange – but in the world of oil, sometimes you’re better off taking the long way round.
Sorry about that . Thanks for pointing that out to me in a nice way .That should have been $24.50 and not $14.50 .I'll have to give you a point for that one too. Either way I'm getting in on this stock . Well best of luck to you .
LOL , my bad . That should have been $24.50 and yes I do use glasses . I'll give you a point on that one myself. Have a good day .
I don't have that much money , that I would need a train or short bus to carry it . But thanks for the thought and have a nice day .
Because on and before March 1st the stock was at $14.50 . Then jumped on the news of the Canadian Pacific Railway's unwanted takeover bid. I'm still looking to get in either way . Just waiting on a check to hit my TD Ameritrade account The takeover may not happen at all and I don't care . Just looking to get in .
Well , best of luck to you .
Looking to get in at $14.50 or below next week . I think it's just up on the news of the Canadian Pacific Railway's unwanted takeover bid. Or do you think I've missed the train ?
The reason I got out was the meeting in Paris and ARLP's earnings heading down . According to yahoo the earning per share are heading down . TTM $3.47 this year $3.07 and next year $2.54
Then the railroad article I've read after I sold ARLP stated ,their drop in all shipments. Coal led the decline with a 32 percent drop in carloads .