Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: shades who wrote (65400)	6/23/2005 5:29:39 PM
From: energyplay	Read Replies (3) of 74559

FDG sells metalurgical coal which is used in making steel. Met coal is price much higher than steam coal. If there is a steel glut, both prices and volume could drop, bringing FDG down to a better price. Note that the Baltic Dry Index has been dropping a bit, but is still high. The FDG chart looks like it will go flat or down. You can get a similar yield in some utilities, like HE, Hawaiian Electric, or a little lower in Duke Power, DUK. FDG has a world class deposit in a great place, close to markets, with rule of law, back bacon, etc. I think the key is to buy it low, hold it, and only sell when it is way overpriced or looking at a sharp drop in prices.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next