Wow, not a good day for anyone really. At least sltd kept it's chin up through it.
We had our punishment last week.... The coal boys are really in trouble. Especially for being the biggest part of the power grid (for now). They are having a hard time understanding why they are so big production wise, but suffering near bankruptcy. SLTD pulled ahead of WLT Walter energy 2 weeks ago for market cap, but fell behind in the crash last week. Yesterday, they crashed and our little pull ahead put us in the lead. I would LOVE to see us get bigger than the bigger producing coal companies. More value, more power.
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