4 Stocks Under $10 Making Big Moves
05.30.12 | 03:01 PM
WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest p...
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1.Price collapsed in 2006Last year was kind of a perfect storm for the coal industry. There was a warm winter and a cool summer, strong hydroelectric and relatively low nature-gas prices. Demand was weak and in response to the strong coal prices in 2004 and 2005, supply was in the process of really ramping up. Inventory exploded, prices collapsed and stock prices exploded.
2.Coal has a promising future
Coal is now in the process of reversing the ugly 2006 trends.
Lower production in the U. S
There are 3 main regions of the coal industry:
1)The Powder River Basin in the West
2)The North Appalachian area
3)Central Appalachian
This is the high-cost area in the U. S. It's shutting down capacity by 20%. More capacity will shut in 2008 because most coal contracts are multi-year.
China is exploding
They are adding a coal-plant a week.
It has now crossed over to become a net importer of coal in 2007 for the first time. So coal is the rest-of-the-world play.
The anticoal Democrats are now getting on board
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The amount of debt is of huge importance for investors. The debt level is a capital capacity measure and something like a buffer for toug...
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