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03-12-2017, 08:18 AM
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#1
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Dryer sheet aficionado
Join Date: Jan 2017
Posts: 26
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Peabody Coal
Whats up with them ? Would it be wise to buy some of their stock? I think they are going to be coming out of bankruptcy this month.
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03-12-2017, 09:07 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,973
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Do you really expect the demand for coal to pick up ?
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03-12-2017, 09:26 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,871
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Quote:
Originally Posted by Sunset
Do you really expect the demand for coal to pick up ?
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Of course, this natural gas stuff will never catch on !
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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03-12-2017, 09:29 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,806
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Ask Boho - he is smarter than the average bear.
-ERD50
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03-12-2017, 09:30 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Peabody will do great when the aliens from Zorblatt9 show up. I wouldn't be holding my breath for that to happen.
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03-12-2017, 09:52 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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03-12-2017, 10:03 AM
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#7
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Dryer sheet aficionado
Join Date: Jan 2017
Posts: 26
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What will this mean?
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03-12-2017, 10:05 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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I lost a pile of money day trading this turkey way back. I am not going near it again.
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03-12-2017, 11:58 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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Do you see a bunch of new coal fired utility plants and steel mills using coke being built in the USA ? that is the primary market.
Rising coal exports are not enough to make this industry even worth a look for me.
if it had promise, a private equity hedge fund would buy it.
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03-12-2017, 12:12 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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You could buy some. You could go to Vegas too.
__________________
"The mountains are calling, and I must go." John Muir
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03-12-2017, 01:39 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I made money on BTU, trading it between 2003 and 2007. I lost money on many stocks, but not this one (I had to make money sometimes, else would have to go back to work ). I cannot remember when I got out, and have not been following it, so did not know it went bankrupt.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-12-2017, 03:12 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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I know nothing about stock trading. however.
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03-12-2017, 04:31 PM
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#13
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Dryer sheet aficionado
Join Date: Jan 2017
Posts: 26
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03-12-2017, 08:08 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,806
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Quote:
Originally Posted by calmloki
I know nothing about stock trading. however.
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Very nice, but the name of the song is "Paradise". "Mr Peabody's Coal Train" is i the lyrics. Here's the original, written and performed by John Prine:
-ERD50
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03-13-2017, 04:07 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,779
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While coal will remain a 40-45% provider for baseline power in the US, there are several "lumps" in the road. The political/environmental damage done in the last decade may be too severe to overcome. The shift to a service economy from a manufacturing economy removed a lot of coal fired capacity also. Natty gas, has been a cheaper, cleaner source but it has storage issues. Coal mining companies are having the same legacy cost issues that the airlines, steel and auto industries (just to name a few) had to overcome. I was in the industry for over 35 years, it still may be real early to get on this coal train.
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04-04-2017, 11:30 AM
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#16
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Dryer sheet aficionado
Join Date: Jan 2017
Posts: 26
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Can anyone tell me what exactly happened with Peabody coal in the last 24 hrs. Is it legal and is old stock worthless?
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04-04-2017, 08:46 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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Quote:
Originally Posted by theo2
Can anyone tell me what exactly happened with Peabody coal in the last 24 hrs. Is it legal and is old stock worthless?
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IMO, Yes and Yes . Sorry. Check with your brokerage house to be sure.
My mom held on to the old the GM , at $2.50, I tried to get her to sell , no luck. Turned into a capitol loss carryover.
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04-04-2017, 09:37 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
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Quote:
Originally Posted by Lakewood90712
IMO, Yes and Yes . Sorry. Check with your brokerage house to be sure.
My mom held on to the old the GM , at $2.50, I tried to get her to sell , no luck. Turned into a capitol loss carryover.
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Since the bankruptcy is closed the stock is now worthless so you have a capital loss on the 2017 taxes. This happened to me with Dana once.
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04-04-2017, 10:28 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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Quote:
Originally Posted by ERD50
Ask Boho - he is smarter than the average bear.
-ERD50
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I don't follow the stock market in general. I research in a specific way and I don't know anything about Peabody.
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04-04-2017, 11:31 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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