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To: TimeToMakeTheInvs who wrote (48987)	3/26/2002 2:11:10 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

CNNfn is also a good alternative to the BubbleChannel at CNBC they push the bubble bigger they never realize they are devices within the bubble and many hosts have bubbles in their heads the babes are not babes no more more like overgrown cows CNNfn had a few babes and it seemed more responsible financial journalism and much much less stupid comedy host interplay is it me? or are CNN and Fox taking over the media world? / jim

To: TimeToMakeTheInvs who wrote (48987)	3/26/2002 2:44:35 PM
From: Jim Willie CB	Respond to of 65232

Coal Set to Catch Fire If you get a chance, buy this week's issue of Barron's. It has a feature titled, "Time to Mine for Coal Stocks?" According to Barron's, the answer is yes. "Several investment pros see some signs of life, notably more seasonable weather, production cutbacks and an improving economy. Bottom line: long-awaited help for some coal stocks this year." Two years ago America's electricity crisis made it look as if coal stocks were rolling out toward a launchpad. The energy squeeze sent natural gas prices through the roof (to $10 per million Btu, versus today's price of $3.30). Then came the recession. Coal stocks fell into a funk. Arch Coal fell by a third, while Massey Energy, a spinoff from Fluor, lost nearly half of its value. We did better with our pick, CONSOL Energy (CNX: NYSE, $25.08). While down from its 52-week high, it is still far above our June 2000 recommended price of $15.75. WHY COAL? Coal has a singularly important attribute that neither oil nor natural gas possess -- it is plentiful. While America is critically dependent on crude oil and is quickly drawing down its natural gas reserves, the nation is rich with coal. In fact, there is enough coal to power America over the next 100 years. America is to coal what Saudi Arabia is to oil. More importantly for investors like us, coal companies are cutting back production. This at a time when the economic recovery is certain to push demand higher. "Demand is growing at 3% a year, and we have not built a new coal mine in this country in 10 years," says energy analyst Dan Roling of Merrill Lynch. "That is why I am so adamant that demand will exceed supply when the economy improves." That is good news for CONSOL, the largest producer of high-Btu bituminous coal in the United States. CONSOL has two-dozen bituminous coal mining complexes in seven states, two Canadian provinces and in Australia. Last year the company mined 70 million tons of coal. Now CONSOL is beginning to slim down. This week CNX announced plans to close four marginal mines by the end of this year. That will reduce the company's coal production by as much as 6 million tons. Yet the cost savings will more than make up for the reduction in production. Coal's fundamental strength along with America's -- and in fact the world's -- growing energy needs and the ongoing tensions in the Middle East make CONSOL a must-own stock. Yours for electrifying profits, John Myers OUTSTANDING INVESTMENTS March 26, 2002