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.
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