Strong stocks

MEE..........this would be nice..


Massey Energy




Recently the board of directors of Massey Energy formed a committee to consider options for the company, which could include sale of the firm or remaining independent. Stifel Nicolaus & Co. analyst Paul Massoud noted that the coal miner could draw a price of $62 a share in a hypothetical offer by Cliffs Natural Resources Inc. Massoud thinks Cliffs would be interested to expand in central Appalachian coal development, and has said it would “consider opportunities.”

Shares of Massey are down around than 15% in the last year as the company has dealt with fallout from a mining disaster in April, safety violations and quarterly losses. Last month Massey said that third quarter production was lower than expected while operating costs were higher than expected. While in the near term.... (see research report).
 
Back
Top