Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Those are three competing bids. Check out Ziegler's web page to see a speech given by the CEO in Jan of this year. He says that when you look at the coal/energy delivered to the end consumer, Zeigler gets about $0.03 of every dollar. The power company gets the other $0.97. So he wants to change how coal is delivered.

Instead of putting it on coal cars and shipping it around the country, he wants to buy a power plant, ship it there, burn it, then deliver the electricity to other power plants as an electricity resell. That way they get a major chunck of that $0.97 they're leaving on the table.

This plan sounds good. However, someone else pointed out that the CFO resigned. Why indeed? Merril Lynch downgraded them to a buy from an outperform (I believe - I don't think it was a hold).

Winter's coming. We've already seen a snow storm in Denver. People will demand more electricity (coal), so you'd think that this stock ought to kick into gear. I bought at 24 1/2 and watched it go to 27-28, then fall back to 24-25. It's only recently (started with the downgrade) that it fell into the teens. I have a loss, but if it falls anymore, I'll have to cut it and bail.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.