The King of Coal Strikes it Rich
Did you Fools see those earnings from Peabody?? Earnings up over 1,000%.. are you kidding me? EBITDA margin of 32%! Reports spot prices remain near thehighs and in some cases double the 2007 prices! Revised guidance upward with a strong long-tern outlook for the industry. Coal stocks are going to go to the moon if more miners come out with numbers like this.
Mark my words, select commodities like silver and coal, and the currency gold, will most assuredly be the first equity sectors to experience significant recovery from these levels.
Hope you enjoy the article. Have a great weekend everyone.