Posts for Ticker ‘PCX’

Patriot Beats Low Expectations (PCX, BTU, ACI, CNX)

coal_imagePatriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. (NYSE:ACI) and CONSOL Energy Inc. (NYSE:CNX).

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Posted on: February 10, 2009 – 9:55 am in Commodities, Earnings, , , , , , ,

Cliffs Closes Coal Mine (CLF, PCX, CNX)

Coal_imageAfter the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be affected." The closure will chop 85,000 tons of production from projected 2009 totals.

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Posted on: February 2, 2009 – 9:40 am in Commodities, Labor & Unions, Metals, , ,

Closing Down a Coal Mine (PCX, BTU)

Coal_imageLast Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia mine, so the announcement was not unexpected.

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Posted on: January 12, 2009 – 11:17 am in Commodities, ,

Bill Gates & Cascade New Stock Holdings (AN, BRK-A, CNI, KOF, FSCI, FMX, GBL, TV, OTTR, PCX, LGBT, PNM, RSG, SIX, BEE)

These are the new holdings (sans ETF and sans derivatives) for Bill Gates’ CASDADE INVESTMENT LLC As of September 30, 2008:

  • AUTONATION (NYSE: AN)                                5,263,588
  • BERKSHIRE HATHAWAY (NYSE: BRK-A)         4,050
  • CANADIAN NATL RY (NYSE: CNI)                     33,859,544
  • COCA COLA FEMSA S A B (NYSE: KOF)         857,128
  • FISHER COMMUNICATIONS (NASDAQ: FSCI)  455,700
  • FOMENTO ECONOMICO (NYSE: FMX)             20,966,795
  • GAMCO INVESTORS (NYSE: GBL)                  90,845
  • GRUPO TELEVISA SA (NYSE: TV)                  19,680,400
  • OTTER TAIL (NASDAQ: OTTR)                         2,556,499
  • PATRIOT COAL (NYSE: PCX)                          2,408,653
  • PLANETOUT (NASDAQ: LGBT)                        521,739
  • PNM RESOURCES (NYSE: PNM)                    7,019,550
  • REPUBLIC SERVICES (NYSE: RSG)               34,873,836
  • SIX FLAGS (NYSE: SIX)                                   10,210,600
  • STRATEGIC HOTELS & RESORT (NYSE: BEE) 4,190,000

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Jon C. Ogg
November 14, 2008

Posted on: November 14, 2008 – 4:35 pm in Activist Investor, Insider Activity, , , , , , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AMP, AAPL, DVAX, FCX, GMT, LNC, PCX, X)

Down_arrow_redThese are some of the top pre-market analyst downgrades from Wall Street this Wednesday morning:

  • Ameriprise Financial (AMP) Cut to Market Perform at KBW.
  • Apple (AAPL) Cut to Neutral at UBS.
  • Dynavax (DVAX) Cut to Perform at Oppenheimer.
  • Freeport-McMoran (FCX) Cut to Market Perform at FBR.
  • GATX (GMT) Cut to Neutral at Piper Jaffray.
  • Lincoln National (LNC) Cut to Market Perform at KBW.
  • Patriot Coal (PCX) Cut to Market Perform at FBR.
  • US Steel (X) Cut to Sell from Neutral at Goldman Sachs.

Jon C. Ogg
October 22, 2008

Posted on: October 22, 2008 – 6:52 am in Analyst Calls, , , , , , , ,

Early Bird Analyst Upgrades (ALVR, ABV, ABC, NITE, MSSR, NDAQ, PCX, TRMB)

These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open:

  • Alvarion (ALVR) Started as Buy at Deutsche Bank.
  • AmBev (ABV) Raised to Outperform at Credit Suisse.
  • AmerisourceBergen (ABC) Raised To Buy at Merrill Lynch.
  • Knight Capital (NITE) Raised to Buy at Goldman Sachs.
  • McCormick & Schmick’s (MSSR) Started as Buy at Jefferies.
  • Nasdaq OMX (NDAQ) Raised To Buy at Goldman Sachs.
  • Patriot Coal (PCX) Started as Buy at UBS.
  • Trimble Navigation (TRMB) Started as Buy at Deutsche Bank.

Jon C. Ogg
September 24, 2008

Posted on: September 24, 2008 – 6:23 am in Analyst Calls, , , , , , , ,