aci- Arch Coal
Arch Coal Inc. (ACI, $61.60, $3.23, 5.53%) posted net income of $81.1 million, or 56 cents a share, driven by the skyrocketing price of coal amid strong growth in the company's central Appalachian and western bituminous operations. In addition, the coal producer raised its full-year earnings forecast. Revenue climbed 22% to $699.4 million. Analysts were expecting earnings of 46 cents a share on $687 million in revenue. . .
Did I say I can't believe I haven't found an entry point.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, April 21, 2008
Arch Coal.
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