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Yep, I think the play here is the senior unsub bonds. I am pretty sure the common will end up worthless on this one.
Picked up some 7.875 senior unsecured at 13.003.
With the senior unsecured bonds trading here at just 15 cents on the dollar the market is saying the common will end of worthless and in the hands of the bondholders. Personally I think the bonds offer an attractive entry and bought some. I fact, my broker is looking for some for me now to add.
Still down 50%..You guys should trade carefully. IMO shareholders will get cancelled...
All hope is not lost, there are other good companies you can invest in a make your loss back
JRCC court filings link;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44397859&txt2find=lehman
You missed that one chart master, who will be the next to fall? Patriot, James River........
Never mind. I just found this in the prospectus.
Actually I get bond interest payments hitting my account all the time on the evening of the due date.
Looking for the date of record. I just bought these on the 24th. Perhaps I did not own in time. Anyone know what the date of record is?
no way get payment same day in practicality, call investor relation and they say payment made
no way get payment same day in practicality, call investor relation and they say payment made
No interest payments have shown up in my account for 7.875 JRCC bonds due yesterday. Surprised though that there is no word from JRCC that they have missed the interest payment if indeed they have.
Common up today. Why do the bonds trade at 15, surly indicating a BK filing, and the common still sells for 80 cents? Certainly the bondholders are the smarter of the two.
thoson reuters eikon gives value 13.125
Chart heading up. Looking good for higher highs. L2 very thin. Should go fast north.
0.79 5%+ awesome opening. Could see dark green week. Chart looks good for bounce
Anyone looking at the JRCC bonds?
Bond prices are indicating BK with only a 20- 25% or so recovery for the bondholders. Obviously the common would be wiped in that case.
7.875 bonds being quoted here at about 16.
Awesome bottom found. JRCC chart looking good for massive bounce play
Thanks for the compliments about my JRCC post. I will give you a follow.
I take a lot of flack on the other boards when my forward looking statements are misconstrued. There are many factors at play and we can't always forsee the future but when I know something is not right, I say it. It has been a difficult road for JRCC shareholders. I myself was in, then out for awhile, then bought back in at a lower price, now out again. During that time, I had approximately 3 days in the black, and the other time I spent trying to throw more money after bad.
You called that right brother.
please show precedent for this occurring. is this like when it squeezed to $6 a few years ago?
I'm enjoying today. About time I have some luck with something.
so far, there has been no dead cat bounce like we got in November the first time it reached a new low of 1.15, it has been more of a fall down the stairs thud.
Surely there's a bounce at some point, .90?
Loading this week
JRCC under buck 20
Carbon Sequestration
Who can give me an opinion on this?
Will this work in the long-term? Are we effectively subsidizing Chinese coal plant production through EPA regulations in the US?
Will coal prices rebound over time?
It's gonna be a cold week brother!
This baby is on its way down to pennyland. like a dropped razor sharped knife. I'm not going to try and catch it. I will let it finish dropping then decide whether to buy.
JRCC Video Chart 11/6/2013
http://www.missionir.com/videos.html
$JRCC - Got some @ $2.03 this morning
you mean a loss of -$1.04 last Q?
Did you see that the EPS for the quarter is $1.16 for this quarter!!! HOLY MOLY!!! THIS BABY IS GONNA BE $10 !!!!
Monday Monday MONDAY!!! Coming soon!!! And Up we GOOOO!!!
Let's see... SHORT SQUEEEEEEEEEEZE!!!! YEP :) I CAN !!! :) The bottom is officially in.
Can you say "Short Squeeze"?
fAt
Up WE GO ! :) $$$$$$$$$$
Yep... you bought the wrong stock...
fAt
What a lousy trade this thing turned out to be... No support what so ever!
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Electricity and Coalby Sol Palha, Tactical Investor | February 6, 2009Billion Kilowatt hours
Source www.eia.doe.govThe US has been generating over 49% of its electricity from coal for decades now and despite all the noise, we do not think this figure is going to change substantially soon. From 1980 to 2006, US electricity consumption has increased by 89%, which means that coal consumption increased by a similar magnitude, for the percentage of electricity generated from coal has remained somewhat steady throughout the years. The idea that solar, wind and other sources can immediately replace coal is a fallacy; it would take years for us to replace coal plants with a mixture of nuclear, solar and wind power plants. This would not address future demand and so bottom line, while coal is dirty, it is here to stay for years to come. The two main players now are China and India; china now consumes more coal now than any other country in the world; to put this in perspective, China now consumes more coal than US and the Entire European union combined. Last year China consumed 2.62 billion tons, an increase of over 160% from 2000, when it consumed only 1 billion tons. By 2010, it is estimated that China will use approximately 3 billion tons; currently, China alone consumes roughly 1/3 of the worlds total coal output. Roughly, 70% of China’s electricity is generated from Coal (1.93 trillion kilowatts), and it is still constructing roughly one new coal power plant a week. Even Though China has embarked on one of the most aggressive nuclear power plants building sprees ever, when all these plants are built, they will barely supply 5% of Chinas total electricity needs. Thus it’s fairly easy to assume that coal will remain a major driving force of the Chinese economy for decades to come. India is the 6th largest generator of electricity in the world, and it’s also ranked as the 6th largest consumer worldwide. Over the past decade consumption has increased by over 64% and its projected increase in electricity consumption of 8-10% annually is one of the highest in the world. As with China and the United States, coal provides a major portion of India’s electricity; currently, 69% of India’s electricity is generated from coal. In 1996 India consumed 295 million tons of coal; by 2005 the figure had jumped to over 465 million tons. From 2000 to 2005 India’s coal usage increased by 5.5% a year; if we use the same projection, then in 2006 it consumed 490 million tons, in 2007 it consumed 516 million tons, in 2008 it consumed 544 million tons and by 2011 it will be consuming roughly 637 million tons; this off course is based on the assumption that consumption will continue to increase at a pace of 5.5% per annum and not spiral upwards. The EIA Projects that India and China will account for 34% of the world’s total increase in energy consumption worldwide and 85% of the world’s total projected increase in coal usage between 1995 and 2020. China and India have increased their power output by 1000% and 500% respectively since 1980 and at the rate China is going; it will eventually surpass the United States. The only way it’s going to be able to increase its output in a significant way it’s to embrace every single source of energy out there and that includes coal. These two countries are already operating well below optimal capacity; in fact, rolling black outs are the norm in both these countries and thus the question does not fall into the” if” category but the must category when it comes to the construction of new power plants. No matter how aggressively they build new nuclear, solar, or hydroelectric plants, they will still need to continue building coal fired plants in order to meet demand, which continues to increase at a record pace. Hence even if by some miracle the U.S. could implement some plan in record time that would cut down the need for new coal plants, it would in no way affect long term prices because most of the world’s electricity is still derived from coal. There are several ways to play this sector, some more rewarding than the others, but the simplest way if you are bullish, would be to purchase shares in KOL, the coal ETF. As market conditions are currently far from normal, individuals should refrain from taking huge bites, but instead deploy their money in bits and pieces. Finally, one needs to take the long term view, for the short term ride is bound to be volatile. Copyright © 2009 Sol Palha contact information Sol Palha | Tactical Investor | 38-11 Ditmars Blvd. Astoria, NY, 11105 | Email | Website |
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