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Re: dav1234 post# 232

Sunday, 04/22/2012 7:06:10 PM

Sunday, April 22, 2012 7:06:10 PM

Post# of 384
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