Tuesday, July 30, 2013

Coal Stocks Improved on Cost Cuts Though Stocks Slump


Though the stocks haven’t traded well the last couple of days, costs cuts have improved the potential for rebounds in both Peabody Energy (NYSE: BTU) and Walter Energy (NYSE: WLT). Peabody easily smashed estimates while Walter provided hope that a liquidity crisis wouldn’t smash the stock.

Coal stocks trade at multi-year lows as falling commodity prices have hit revenues, but now the companies have been able to drastically more »


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