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peabody shows coal deals burn investors

  1. corporatefinanceguy
    115 Posts.
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    02/09/11
    04:55
    Post #: 8907184
    http://www.bloomberg.com/news/2011-08-31/peabody-shows-coal-deals-burn-investors.html

    i like:

    "Companies are now paying twice the average takeover premium to secure coal reserves on the bet that demand from steel and power producers in China and the developing world will drive prices higher."
    MTE Price at posting: 83.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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