Posted by wile E on August 03, 2014 at 03:55:52 from (71.82.74.231):
As some of you may know the lower natural gas prices has caused the coal mining companies to take a beating. There are 2 companies that have their stock price down.......a lot.
1. Peabody energy, Stock price is now $15 per share. This company is the worlds largest coal producer operations on 6 continents. Stock prices was over 50 bux for a long time. I would like to buy this stock.
2. Alpha natural resources. Stock price is now $3.30 per share.....all time low for this too. This company was started in 2002, went public in 04.
If any of you fellas work for 1 of these companies or know of someone who does I would like to know what the overall attitude is at the company and how secure the company(s) are for the future. I have read the statements by the companies and due to coal prices being lower which is hurting profits at both.
The other stuff that effects the companies are the threat of a union strike, environmental concerns for coal, railroad issues, mine safety, and many more to list. Alpha natural resources in the last year was at 8.20 per share, continues to fall.
Mining of coal is a basic need for producing steel, generating electricity, has been cheap for looong time. Once coal prices recover then these companies will be in the black.
These companies would be a great investment if coal prices recover. Natural gas has beaten up the coal market and if NG inventories drop, or there are shortages then coal should do better.
Chime in if you have an educated opinion on this. I sure would like to help out my IRA. Thanks in advance.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
