1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
CanadianValue
Articles (4624) 

Wilbur Ross Discusses the Beaten-Down Coal Market

July 17, 2012 | About:

Vulture investing guru Wilbur Ross has considerable experience in the industry with his time spent involved with International Coal (ICO).

If you are a value investor you may now also be looking at coal companies which have stock prices in many cases down 70% from recent highs.

Ross was on CNBC and had some comments on coal:

- The downturn in coal is secular and not just cyclical.

- There has been structural change, the EPA has made a decision that means there won’t be any more coal plants built.

- Natural gas needs to be at least $4/mcf for coal to be even close economically.

- But even if coal is economically equivalent it still is behind because of environmental reasons.

- If he had to pick one coal stock it would be Arch Coal (ACI).



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.8/5 (4 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by CanadianValue


User Generated Screeners


DANGORDONEPS GROWTH 4-27-17
nuno.a.pomboEstatiscal Low Priced Stocks
blain.lyall#1
hugHigh Piotroski
hugHigh Piotroski & Low EV/REBITD
pbarker46Shiller USA
BoubaOCF Size 1
jesusgnDividend consistent
alexbernal0Quality Growth
DANGORDONMARGIN OF SAFETY 4-26-17
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK