EOG........hod..above ma-50
AKAM......hod
AKAM......hod
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Strong stocks
- Thread starter cybercash28
- Start date
TNA.......hod
When mrkt strong and don't know which ones to trade jump in TNA...
TTMI.........hod
DANG.went down quickly at the end..worry about next week??
MEE.......AH news sorry no links
By KRIS MAHER And JOANN S. LUBLIN
Alpha Natural Resources Inc. and Arch Coal Inc. have emerged as the most serious competitors to acquire Massey Energy Co., people familiar with the matter said.
Massey's board will likely make a decision at the end of this month whether to sell the company or maintain the status quo, these people said. There is momentum toward a sale, especially because some of Massey's biggest investors, such as BlackRock, will likely push for one, some of these people said.
BlackRock recently increased its stake in Massey to 17.77%, or 18.1 million shares, up from 12.9 million shares a year ago, according to filings with the Securities and Exchange Commission. BlackRock also has more than a 9% stake in Arch and more than an 8% stake in Alpha, according to SEC filings.
Luxembourg-based steel giant ArcelorMittal SA has also expressed interest, but its pursuit of Massey has been less aggressive compared with Abingdon, Va.-based Alpha and St. Louis-based Arch, they added.
Industry analysts said there could be more urgency for Massey's board to decide which path to take, because the company's performance has continued to falter since the departure of longtime Chief Executive Don Blankenship in December. The company recently said it would report a bigger than expected fourth-quarter loss after it missed production targets for the quarter.
Increased regulatory pressure, which can lead to halts in production and shortened shifts, has been a major factor, analysts said. "The asset keeps underperforming and not stabilizing but getting worse. The future buyer has that leverage against Massey right now," said David Khani, an analyst with FBR Capital Markets. Some analysts also said that current scarcity of metallurgical coal and supply interruptions, that were made even more pronounced by the recent flooding in Australia, could also add some urgency to Massey doing a deal.
In an interview Tuesday, Massey Chairman Bobby R. Inman reiterated comments he made following a late December board meeting. "When there are multiple parties involved, the process is going to take a long time," said Mr. Inman, a retired admiral.
Officials from Arch and Alpha have been touring Massey facilities in recent days, the people familiar with the matter said.
Massey had also contemplated making an acquisition, such as buying Scott Depot, W.Va., basedInternational Coal Group Inc., some of the people familiar with the matter said. But that is a remote possibility and the company is focusing on a potential sale or remaining independent, they said.
Massey's board has been under pressure since the April accident at Massey's Upper Big Branch mine in Montcoal, W.Va., where 29 miners were killed in the worst U.S. coal mining disaster in 40 years. Since then, Massey has attributed its struggling performance to the stricter enforcement by federal regulators.
ââ¬âGina Chon contributed
to this article.
By KRIS MAHER And JOANN S. LUBLIN
Alpha Natural Resources Inc. and Arch Coal Inc. have emerged as the most serious competitors to acquire Massey Energy Co., people familiar with the matter said.
Massey's board will likely make a decision at the end of this month whether to sell the company or maintain the status quo, these people said. There is momentum toward a sale, especially because some of Massey's biggest investors, such as BlackRock, will likely push for one, some of these people said.
BlackRock recently increased its stake in Massey to 17.77%, or 18.1 million shares, up from 12.9 million shares a year ago, according to filings with the Securities and Exchange Commission. BlackRock also has more than a 9% stake in Arch and more than an 8% stake in Alpha, according to SEC filings.
Luxembourg-based steel giant ArcelorMittal SA has also expressed interest, but its pursuit of Massey has been less aggressive compared with Abingdon, Va.-based Alpha and St. Louis-based Arch, they added.
Industry analysts said there could be more urgency for Massey's board to decide which path to take, because the company's performance has continued to falter since the departure of longtime Chief Executive Don Blankenship in December. The company recently said it would report a bigger than expected fourth-quarter loss after it missed production targets for the quarter.
Increased regulatory pressure, which can lead to halts in production and shortened shifts, has been a major factor, analysts said. "The asset keeps underperforming and not stabilizing but getting worse. The future buyer has that leverage against Massey right now," said David Khani, an analyst with FBR Capital Markets. Some analysts also said that current scarcity of metallurgical coal and supply interruptions, that were made even more pronounced by the recent flooding in Australia, could also add some urgency to Massey doing a deal.
In an interview Tuesday, Massey Chairman Bobby R. Inman reiterated comments he made following a late December board meeting. "When there are multiple parties involved, the process is going to take a long time," said Mr. Inman, a retired admiral.
Officials from Arch and Alpha have been touring Massey facilities in recent days, the people familiar with the matter said.
Massey had also contemplated making an acquisition, such as buying Scott Depot, W.Va., basedInternational Coal Group Inc., some of the people familiar with the matter said. But that is a remote possibility and the company is focusing on a potential sale or remaining independent, they said.
Massey's board has been under pressure since the April accident at Massey's Upper Big Branch mine in Montcoal, W.Va., where 29 miners were killed in the worst U.S. coal mining disaster in 40 years. Since then, Massey has attributed its struggling performance to the stricter enforcement by federal regulators.
ââ¬âGina Chon contributed
to this article.
I usually don't post during the weekends but today is a special day because of the news that Steve Jobs took a leave of absence as his health deteriorates from battling a rare form of cancer and the effects of a liver transplant he had almost two years ago.
Some people are happy because they are shorting AAPL. Some waiting to buy it cheap. For me I'm sad . I wish him the best and pray for him.
Steve said âI love Apple so much and hope to be back as soon as I can,â. Steve, you will be back soon. Hang in there and fight!!!! fight..fight....
Some people are happy because they are shorting AAPL. Some waiting to buy it cheap. For me I'm sad . I wish him the best and pray for him.
Steve said âI love Apple so much and hope to be back as soon as I can,â. Steve, you will be back soon. Hang in there and fight!!!! fight..fight....
The market.
Futures at this point is mixed.
DJIA -7
S&P - 3.8
Nasdaq -24.75
It's easy to see that Nasdaq is a lot lower since AAPL makes up a big percentage of this index.
Prepare a list of good stocks to buy when people dump good stocks in sympathy with AAPL.
CREE: will be an interesting stock to play. It got almost 8% cut in sympathy with LEDS. Short % is over 22%. IF earning is OK there will be a good squeeze.
EDU: Will announce BMO, the trading range usually is big. Good for day trading. Over $5 range last earning report.
It's going to be a busy day tomorrow. We need to rest so we can see and think clearly.
Have a happy trading week!
Futures at this point is mixed.
DJIA -7
S&P - 3.8
Nasdaq -24.75
It's easy to see that Nasdaq is a lot lower since AAPL makes up a big percentage of this index.
Prepare a list of good stocks to buy when people dump good stocks in sympathy with AAPL.
CREE: will be an interesting stock to play. It got almost 8% cut in sympathy with LEDS. Short % is over 22%. IF earning is OK there will be a good squeeze.
EDU: Will announce BMO, the trading range usually is big. Good for day trading. Over $5 range last earning report.
It's going to be a busy day tomorrow. We need to rest so we can see and think clearly.
Have a happy trading week!
So far....
C.....weak earning pulling financial stocks down
AAPL...down doesn't help tech
LVS WYNN....strong
C.....weak earning pulling financial stocks down
AAPL...down doesn't help tech
LVS WYNN....strong
JPM....Holding fine since earning already announced..upgraded to $53, that's $8 more from current price.
Gold up from overbought..many good oversold gold stocks.
Gold up from overbought..many good oversold gold stocks.