Patriot Coal Corp. (NYSE:PCX)

devilinside (75.21) Submitted: 4/24/2009 7:52:07 PM : Start Price: $3.81 PCX Score: +47.53

The Obama administration continues it's condemnation of coal. How about some sane and rational thought on this subject.
54% of the power for homes and industry comes from coal fired plants. Steel can't be produced without it. The Cap and Trade will backfire once the true cost to the consumer and industry is realized in the form of higher power bills that will be passed to the end user. Which in turn will reduce jobs and growth.
Some upbeat info for coal. It's one of the most abundant resources available. There are new technologies on the horizon that will reduce the carbon dioxcide output. (See Cornings new filtering Technology) Nuclear power plants take up to 10 years to build and the greenies are going to do they're best to stop it.
Patroit Coal is poised to go far once this economy turns around. They seem to have their debt under control and enough cash flow to keep them going until things do turn around. They have reduced production and are quickly reducing inventories.
No indusrial nation can grow without coal. There simply is no other energy source available in abundance to produce the power we need for the same cost period. PCX is a 10 bagger in 5 years, 20 bagger in 10.