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GorillaGorilla

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GorillaGorilla

Re: beenhadmoney post# 73

Wednesday, 09/23/2009 2:49:19 PM

Wednesday, September 23, 2009 2:49:19 PM

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Well, people make trading decisions and valuations decisions. I don't have any trading instincts - I will bow to better experience than me.

From a valuation perspective it did $1.73 in earnings in 2008. Ignore the coal price increases ( which are significant ), ignore any potential for increased volumes, 2009 earnings, or usage of cash, and based on 2008 estimates at P/E of 10 is $17.

I don't see why anyone would want to sell until the double digits of their choice.

You can easily make the case for $30. Does anyone know why 2008 Q1 was 85 cents and the rest of the year was 30 to 40 cents?

rich
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