ACI Lowers Guidance

Discussion in 'Stocks' started by Landis82, Jan 12, 2011.

  1. Last night, thermal coal producer Arch Coal lowered their full year 2010 guidance due to lower than expected production volumes. They also cited the closure of a mine extending out into Q1-2011 due to "longwall" issues . . . Seems to be impacting the group a bit today after the huge run since Labor Day, even though CLF is surging +$2.75 on their nearly $5 billion (cdl) acquisition of Consolidated Thompson Iron Mines. As a result, Deutsche Bank raises their target for CLF to $115 from $95.

    CEO of CLF says that we are still in the early stages of the iron ore story.
    Says current pricing will hold all the way through 2011.
  2. zdreg


    it sounds plausible unless there is a severe recession.