Top 1%
Peabody Energy Corp said on Wednesday its second-quarter profit more than doubled, easily beating Wall Street forecasts, as soaring global demand drove prices higher.
Net income was $233.4 million, or 86 cents per share, compared with $107.7 million, or 40 cents per share, a year earlier, the St Louis-based miner said.
Why aren't premarket numbers looking any better - only + 0.65% ??
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ITGURU
Jul 23 at 8:28 ET
its trading with a 75 P/E. Seems a bit pricy to me. Think I'll stay away for now
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guliamo
Jul 24 at 4:42 ET
I agree, my coal play is FDG Canadian trust.. I took a bit of a beating on it but the dividend is strong at 12%
Top 57%
cino60
Jul 26 at 11:02 ET
strong div., but look for it fall a bit more before i look at it. but future is higher.
Top 1%
guliamo
Jul 27 at 1:24 ET
I'm in it as a long term play.. As long as the dividends keep coming I'm happy.
I'm a bit worried as I bought it at it's peek, but they have huge reserves and will be able to sustain their payments for at least 7 or 8 years.