Coal Sector Update We believe the recent sector pullback provides attractive entry points for our favorite names. Continued strong met markets, along with a robust thermal export story, reinforce our bullish stance. We reiterate our Buy ratings on ACI, ANR, BTU, CNX, and WLT. We see the current pullback as an attractive entry point. We see a compelling entry point…
In discussing the markets this evening with Fred and Rob at Lange Financial Services, please find the the following thoughts below. VMWARE (VMW) $96.00 [in the after market], one of the stocks on our “Favored Stocks” list, has now advanced about 25% from the March 21, 2011 low. Earnings reported today of .48 cents per share were well above expectations. …
Earnings for Cliffs Natural Resources ( CLF ), a leading Iron Ore Producer, will probably reach $14-$15 per share in 2011 versus $7.25 per share last year. Further improvement seems probable in 2012. These shares, at 7x projected earnings, are regarded as undervalued in a strengthening global economy, said Fred Lange of Lange Financial Services. Further, he said he recommends…
As our blog readers know, after repeatedly discussing investment strategy with Fred and Rob at Lange Financial Services, we have been recommending Cliffs Natural Resources (CLF). Alpha Natural Resources (ANR), Peabody Energy (BTU), and Walter Energy (WLT) from significantly lower levels from the fourth quarter of 2010. Today, CLF (92.88) released their earnings report for the 4th quarter. They just blew the quarter away…
After discussing the situation with Lange Financial Services, we thought it relevant to make this post now implementing some of their thoughts on Coal. We initially posted on January 5, 2011 that we remain bullish on Coal shares and would add to positions on weakness. We continue to be bullish on Coal, and Coal Shares. We would use weakness to…
JUST A QUICK UPDATE ON COAL. WE REMAIN BULLISH ON COAL AND COAL SHARES AS WE HAVE BEEN FOR SEVERAL MONTHS. WE SOLD OUR POSITION IN BTU AS A RESULT OF THE FLOODING IN AUSTRALIA AND THE NOW UNCERTAIN ENVIRONMENT IN THAT COUNTRY AS A RESULT. WE LOOK TO ADD TO POSITIONS IN CLF ( CLIFFS NATURAL RESOURCES), WLT (…