Right now coal stock at Peabody Energy is selling for $1.12 a share. In 2014 it was selling for $16 a share. If you like to speculate, now is a good time to buy. If you go back 6 years, coal stock was selling for $90 bucks a share.....might be a good time to buy.
George Soros just bought some coal stock, he is not stupid. You remember he is a buddy of the Clintons and Obama......The filing shows the purchases of 553,200 shares of Arch Coal for $188,000 and an investment of $2,254,000 into Peabody Energy for 1,029,400 shares, which means he’s lost money on both so far. Peabody, the biggest coal producer in the U.S. by output, said in a recent statement that it “has been trying to turn itself around as it faces challenges from low natural-gas prices, a glut of global coal supplies, weakened demand from China and a growing public call to cut carbon emissions.
George Soros just bought some coal stock, he is not stupid. You remember he is a buddy of the Clintons and Obama......The filing shows the purchases of 553,200 shares of Arch Coal for $188,000 and an investment of $2,254,000 into Peabody Energy for 1,029,400 shares, which means he’s lost money on both so far. Peabody, the biggest coal producer in the U.S. by output, said in a recent statement that it “has been trying to turn itself around as it faces challenges from low natural-gas prices, a glut of global coal supplies, weakened demand from China and a growing public call to cut carbon emissions.
