Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (59704)	1/30/2005 10:53:10 PM
From: Taikun	Read Replies (1) of 74559

Jay, 1. I have been unable to find anything about this company in terms of shares o/s, etc. 2. The only thing I know is that International Coal Group is run by Wilbur Ross and is the #5 coal play 3. It could be way overvalued but I have a hunch that he has somehow listed and avoided filings by using the pink sheets. 4. Downside is that the assets are overvalued but he is very astute so I don't see much downside there. I suspect he has been putting together his stable of assets (Horizon, etc) along the same lines as what he did at ISG. There are the other downsides for the industry (coal demand )but the Us has quite a bit fo coal in the Appalachians. Other risks might be shipping (this could be a real risk. ie is there enough excess capacity for him to expand, if it is an expansion story). I think this is not and expansion story, though, it is an accumulation of undervalued assets that will be sold to the Russians or Chinese perhaps. I could be wrong. I find it quite incredible that there are no SEC filings. How does that happen? -D

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