JRCC - JAMES RIVER COAL - Page 3

No entry yet.

Watching.

This could be an excellent alt energy play and rising gas prices only helps...How low can this thing really go? Fundamentals are good but news out of the company isnt great

Some other info:
JRCC reported 3rd quarter 2006 earnings of $-0.53, missing the consensus expectations of the 5 analysts covering the company by 112.00%. This negative surprise is noteworthy because the guidance for the quarter had dropped (1.03%) in the year leading up to the announcement, and yet the company was still unable to meet the number.

JRCC has missed several previous earnings expectations horribly so watch this near earnings time...

Something else of notable interest is the amount of short interest.....Out of the 16.7M OS, 5.7M or 34% of the OS is being shorted so if earnings are good could cause a nice pop

I'm going to speculate and say this is at least a short term bottom. Large short position in this stock, and coal is getting some more attention lately.

Radar it.

Stil watching. I think this one could go soon.

Coal has been on fire ever since the Bush speech in which he stated that he would not require higher pollution standards.

yes there has been a sudden surge in money flow into COAL, but it isn't James River.
Worst performer over the last 18 weeks.
You have to look into the top performers to see where that money is going.

Natural Resource Partners LP (NYSE: NRP)
Alliance Holdings GP, L.P. (NASDAQ: AHGP)
Alliance Resource Partners, L.P. (NASDAQ: ARLP)
Yanzhou Coal Mining Co. (ADR) (NYSE: YZC)
Penn Virginia Resources (NYSE: PVR)

Agree here.

Also take a look at BTU. There has been a massive amount of call buying going on here in the past three sessions. I expect this trend to continue which would ultimately make BTU to breakout and trade higher.

BTU has had Insider Sales presently, that volume would support a slight price hike.

YZC looks good.

Coal in China is on high demand.

YZC is one of the biggest producers of coal in China as they get most of their coal near the Yanghzou river.

Trading at a 17 multiple,yielding 2.80% yearly and growing at a 14% growth rate year over year, the stock looks like it is ready to head to $60 in the upcoming months.

As Chan mentioned, fresh money s pouiring in.

Insitutions are likely to buy big soon.

Finally got the pop I was waiting for. Don't get over enthusiastic about the company I think its still a POS.

AP
Moody's Lowers James River Ratings
Thursday April 5, 4:26 pm ET
Moody's Lowers Coal Mine Operator James Rivers Corporate Rating Deeper Into 'Junk' Territory

WASHINGTON (AP) -- Credit ratings agency Moody's Investors Service on Thursday downgraded James River Coal Co.'s corporate and senior unsecured rating by one notch to a speculative grade.

The rating's agency lowered the Richmond, Va.-based company's corporate family rating to "Caa3" from "Caa2" and the company's senior unsecured rating to "Ca" from "Caa3" both representing "junk bond" status.

Moody's assigned a negative outlook to James River due to poor operating conditions at the company's mines, higher costs and soft coal prices in Central Appalachia. James River operates coal mines in eastern Kentucky and southern Indiana.

The lowered rating reflects the company's weak liquidity and negative cash flow, the agency said.

Shares of James River rose 12 cents to close at $8.15 on the Nasdaq Stock Market.

Look for a pullback.

Some Others:

Bouncing. Could be the start of a new uptrend.

finally started coming back.

Yeah slowly. I remember maybe 4 months ago some analyst was claiming fair value for this stock @ $35.

Another bounce today.

Watching.