2008 Coal Industry

[peanuts]

The coal industry for 2008 looks good to me. Anyone have more background on the following companies?

ACI ANR ARLP BTU FCL FDG ICO JRCC NCOC NRP WLB WTU YZC

From the group above, ICO looks to be very cheap. The management alone (Wilbur Ross) lets me feel comfortable with a long term position. There may be some litigation from the Sago mine disaster in WV, but this could also be priced into the stock already.

I would love to see this thread develop into some good ideas. Thanks

[billyjoe]

Peanuts,
I got burned by FDG a year or 2 ago and haven't looked at coal since but will check them out. The lame excuse in '06 was that they couldn't get tires for the coal hauling trucks.

--------------billyjoe

[peanuts]

Peanuts,
I got burned by FDG a year or 2 ago and haven't looked at coal since but will check them out. The lame excuse in '06 was that they couldn't get tires for the coal hauling trucks.

--------------billyjoe

I had a very interesting conversation with a Catholic priest on an airplane going to Chicago on Christmas day. He basically said that coal stocks might do very well in 2008. He is unable to be in the market, but follows it closely in order to keep a good conversation going with his hedge fund-running son. (He became a priest late in life) I have every reason to believe the man... I mean, he wouldn't lie to me.

His son has made 1000% return in three years for the fund. Not too shabby

[Websman]

My Grandpa and Great Grandpa were both coal miners. I like coal!

[skiracer]

I had a very interesting conversation with a Catholic priest on an airplane going to Chicago on Christmas day. He basically said that coal stocks might do very well in 2008. He is unable to be in the market, but follows it closely in order to keep a good conversation going with his hedge fund-running son. (He became a priest late in life) I have every reason to believe the man... I mean, he wouldn't lie to me.

His son has made 1000% return in three years for the fund. Not too shabby

Peanuts,
That is an amazing claim. 1000% in 3 years is quite a feat especially with a fund and a sector fund at that. What is the name of the hedge fund?
I'm a Catholic and I believe he would lie unknowingly about how well his son tells him he is doing but then none of those Catholic priests would ever lie about anything.

[billyjoe]

He didn't mention he squeezed the coal into diamonds before selling.

--------------billyjoe

[skiracer]

He didn't mention he squeezed the coal into diamonds before selling.

--------------billyjoe

I think that 1000% over 3 years is an amazing feat. I just want to know the name of the hedge fund so that I can take a look at it.

[peanuts]

Peanuts,
That is an amazing claim. 1000% in 3 years is quite a feat especially with a fund and a sector fund at that. What is the name of the hedge fund?
I'm a Catholic and I believe he would lie unknowingly about how well his son tells him he is doing but then none of those Catholic priests would ever lie about anything.

FMLSX is the fund

I should clarify some things: The priest said that his son started the fund with $8 mill and it is now $80 mill... I assumed (wrongly) that this didn't take into account more capital investment in the fund, and was only from growth... doh!

Also, I did not mean to imply that the fund was solely a coal company fund

I don't believe that the priest would lie to me for any reason whatsoever. He was a very nice man whom I enjoyed speaking to very much. I'm sure this is some type of misunderstanding which is now making me feel uneasy.

The fund has been steadily paying dividends, and has performed fairly well in the previous 3 years:

[peanuts]

so.... how 'bout dem coal comp-nees????

[IIC]

Peanuts...I'm not sure, but it seems as tho this priest was pulling a fast one on you(or else his son is pulling a fast one on him)...First of all this thing is not a hedge fund...It is a mutual fund...Second of all it has a 3 yr % gain of about 8%yr....Third of all it was started over 4 years ago...Fourth of all I don't see any Coal Cos. in their top holdings http://finance.yahoo.com/q/hl?s=FMLSX ...Fifth of all I didn't know a guy who had kids could become a priest...Sixth of all...Well, I don't know...

[skiracer]

Peanuts...I'm not sure, but it seems as tho this priest was pulling a fast one on you(or else his son is pulling a fast one on him)...First of all this thing is not a hedge fund...It is a mutual fund...Second of all it has a 3 yr % gain of about 8%yr....Third of all it was started over 4 years ago...Fourth of all I don't see any Coal Cos. in their top holdings http://finance.yahoo.com/q/hl?s=FMLSX ...Fifth of all I didn't know a guy who had kids could become a priest...Sixth of all...Well, I don't know...

Doug,
You are the best at digging up info immediately. The 1000% seemed extravagant, not on Peanuts part but, on what the priest was telling him.

[peanuts]

Peanuts...I'm not sure, but it seems as tho this priest was pulling a fast one on you(or else his son is pulling a fast one on him)...First of all this thing is not a hedge fund...It is a mutual fund...Second of all it has a 3 yr % gain of about 8%yr....Third of all it was started over 4 years ago...Fourth of all I don't see any Coal Cos. in their top holdings http://finance.yahoo.com/q/hl?s=FMLSX ...Fifth of all I didn't know a guy who had kids could become a priest...Sixth of all...Well, I don't know...

geez, Doug, you've got to relax

I think he was confused about the terminology when he talked to me about it. He used terms such as "long-short fund, hedge fund, managed fund" all as a description as the fund. I wouldn't expect a real estate agent to know about the intracacies of the copper smelting process, much like I wouldn't expect a priest to know the intracacies of a fund. The gist was all that mattered... his son runs a fund, it has done well, it began with 8 mill under management, and he now manages 80 mill. Coal is a special interest for the manager. Never was it said that this was a coal fund, or that a majority position was in coal.

You don't know about the Catholic religion, nor this man's circumstances.

Sixth of all, you should have realized that he is unable to invest in the market. He has no money. He has no reason, other than conversation, to talk about the fund. It wasn't a sales pitch that he was giving me.

What does skiracer always say??? "...engaging your mouth before your mind" or something along those lines....

[IIC]

I was just razzing you Peanuts

[skiracer]

geez, Doug, you've got to relax

I think he was confused about the terminology when he talked to me about it. He used terms such as "long-short fund, hedge fund, managed fund" all as a description as the fund. I wouldn't expect a real estate agent to know about the intracacies of the copper smelting process, much like I wouldn't expect a priest to know the intracacies of a fund. The gist was all that mattered... his son runs a fund, it has done well, it began with 8 mill under management, and he now manages 80 mill. Coal is a special interest for the manager. Never was it said that this was a coal fund, or that a majority position was in coal.

You don't know about the Catholic religion, nor this man's circumstances.

Sixth of all, you should have realized that he is unable to invest in the market. He has no money. He has no reason, other than conversation, to talk about the fund. It wasn't a sales pitch that he was giving me.

What does skiracer always say??? "...engaging your mouth before your mind" or something along those lines....

"Put you brain in gear before you put your mouth in motion". But Doug is not wrong in checking out the fund. It just turned up that whatever you were told was a stretch or a father not completely informed on what his son is doing. I think most fathers in a conversation with someone and the opportunity to brag about their sons and their accompolishments usually would make the facts a little larger to start. It's human nature. My father would I'm sure and to a large degree. It's love doing the talking.
I am not sure about the being previously married and having kids would or wouldn't prohibit you from becoming a Catholic priest. Are you sure he wasn't an Episcopalian rather than a Catholic? Their clothing and attire are very similar.

[mrmarket]

For what it's worth, I too am bullish on coal.