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Another sad explanation of what we already know...the
analysts don't like coal. This author does not mention OXF,
but no matter, we are tarred with the same brush. I have
seen a few other timid hints that coal may rebound, this
Fall or at least in 2013. As with many Seeking Alpha articles,
I find if you wait a day for comments to accumulate, the
comments can be more valuable than the article. That is
the case here, some commenters posted links of their own
that are educational. I'm still so underwater with this that I
am long not by choice, so will enjoy the dividends.
One bright spot in this is that a commentator said that the
coal companies are controlling oversupply by cutting back
on production by cutting back on production. That is the
first thing OXF did, by closing two mines, as I remember.
I worry for the miners, but unemployment is what, 99 weeks
now? At least they won't starve. These guys will kill the
summer fishing, until the deer season opens.
http://seekingalpha.com/article/515591-old-king-coal-is-sick-but-not-dying-we-are-long-coal-and-coal-dividends?source=email_investing_income&ifp=0
yes,sold some and rebuy lower,i assume divi announcement comes next week,bring on the 9+
C'mon fellas...it's been 8 days since we heard a peep...no body has been having fun trading this????
Basic Materials Sector Dogs Mauled In March
http://seekingalpha.com/article/493591-basic-materials-sector-dogs-mauled-in-march?source=yahoo
ihub or ihop? lol
In the meantime I shall flip my sub $7.50's like flap jacks...lol!
looks like it,courage to hold long in this market for sure,no guts no glory, of course that doesn't apply to every ticker but this one will recover nicely, 1 months, 3 months,6months.. just a question of when and how much longs fortitude is tested in the recovery process.
One thing I've learned about this market is that it can be replicated repeatedly if you're willing to believe and trust your gut...it's like Ground Hog Day for traders.
cool, i have loaded a small truck, under 7.50 need to rent 18 wheeler,lol. i know coal in the dog house because of cheap nat gas but this is beyond oversold with divi intact.
i should be trading this to get better avg but volume is blah.. and cant move in and out with a few k without causing mayhem.
selling 8.25+ in am and rebuying bigger 7.90 woulda been golden but who knew, thought we were getting some traction this morning but no volume and crappy general market
If this goes below $7.50 tomorrow I may load the truck
agree,may take some time but gotta recover and divi will pay for the waiting
I'm still in this big time at about $12 avg. Just going to
look at the dividend percentage from now on until it gets
well. Mild winter doesn't matter when the coal is going to
produce electricity. And the lawsuit over the cancellation
of contract coal should work out eventually.
added 7.89 +7.76, ,didn't not think i would see 7's,lol,no coal luv, gotta change soon
fwiw a year ago divi news was 4-22, so tick toc,less than 3 weeks to potential announcement.
divi itself is paid in may normally( typically first half of may)
added 8.32 today,hopefully only a little more fishing for cheapies and then some rise into anticipated divi announcement
Holding strong this week only down .20 with the downgrade.
Very bullish imo.
added 8.50+8.25, peeps had patience to hold 7's and selling here why?, silly,gift imo
lol,nah their clients want to load lower,buy on downgrade sell after upgrade pop,works usually
Down grade an 18% yield stock. That's why brokers are not rich and have to work for a living.
yup, if my crystal ball was working woulda sold all above 9.50 to reload, no worries,we know we are good medium term, short term we play with da cheapies
Good day for some cheepies
Oxford Resource downgraded to Underperform from Outperform at Raymond James
more cheapies today, why not, i will be adding
This thing is very volitale. I think you hold to near the next dividend May 15th and we should see 12-13 bucks. Just a little patience. 20% divy for the rest of the year is hard to beat.
a little luv today,slow and steady she goes
I think you should read the entire PR and not just the part
I cut and pasted. In any case, the CEO said the .4375 divi
would be paid for the rest of 2012 fiscal year. No more, no
less.
I am new to this stock. Anyone care to explain the statement from the PR Q1 will not be representative of 2012?
Is that saying that subsequent divi's should be higher than the minimum of .43?
TIA
Low vol,hopefully selling from uber cheap levels is drying up,formal divi announcement with record date will help but probably only mid april and analysts should chime in anyday now
There was something on fly on the wall site this morning about possible W formation with 13.89 target if 9.17 held,so i guess the technical guys tried to shake tree and see what falls out,almost green here on early buys, 18%+ divi is a nice cushion to sit on until the masses figure it out,lol, hopefully
I looked all around the marketplace and it seems another
case of guilt by association. Commodities are the market
whipping boys today. The OXF PR is displayed on all of
the agency quote pages, about 18% dividend right now.
This should be alright. We should get so iHub notice going.
I'm going to ask some of my followers to take a look.
i had to get out short
I believe them. From yesterday's PR
President and Chief Executive Officer Charles C. Ungurean commented, "Throughout our 27-year history, we have built this business through outstanding service to our customers. This has driven our growth and reinforced our strong position in the NAPP region. We believe current coal market dynamics continue to favor the long-term outlook for the region and we continue to focus our efforts on growing our NAPP business."
Financial Outlook Update
Oxford is confident in the outlook for the balance of 2012, which will largely be driven by the strength of its core NAPP business and the benefits from its ILB restructuring initiatives. Given the unseasonably warm winter and the impact of the ILB contract termination and restructuring efforts, Oxford believes the first quarter 2012 financial results will not be representative of the results expected for the remainder of 2012. Oxford expects to provide updated 2012 guidance when it reports its first quarter 2012 financial results in early May.
ok, lets see if volume picks up
I was referring to the first couple minutes of trading...seemed stuck
cheapies,lol, i take it red market a normal low volume doesn't help, one of the analysts will chime in soon
I think I will take my $1 or $2 now then wait 45 days to get .44 because when reading the pr I seen this Oxford expects to pay its minimum quarterly distribution of $0.4375. EXPECTS.
An ugly one too..lol!
LOL, he is a whore.
Won't watch it...I know if he says buy it's because he needs to cash out.
I missed his show at six, will be repeated at 11:00. Will
see if he mentions it.
Trust me...he's making $$$ from OXF
Jim Cramer can eat my shorts. He does't like OXF.
Now that I own it, I may stay long for a long time, the
1500 shares I wound up with at .4375 Qtr, is $656.25.
Even with this last buy, I'm averaged at about $11. It
pays to be long anyway as this is a partnership and
it is taxed at a higher rate, I believe.
I am hoping the same
Aftermarket seems to have leveled off at $9.94. I bet in
the morning this is going to $12.
Thats the plan
You can add OXF to the list
Its what i did on my divi plays,ainv,rso,cim,try to get nice pops and ride free,bank divis forever and trade new positions around market moves
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