Good morning: I have been following your newsletters diligently for one-and-a-half years. Thank you for your good advice. I wonder if you could give me a brief opinion on the following two stocks: Alpha Natural Resources and Codexis. Thanks.
Alpha Natural Resources, $20.76, symbol ANR on New York (Shares outstanding: 226.3 million; Market cap: $4.7 billion, www.alphanr.com), mines and processes thermal coal for electric utilities (86% of volume) and metallurgical coal for steelmakers (14%). The company has 60 mines and 14 processing plants in Virginia, West Virginia, Kentucky and Pennsylvania. Its mines have about 615 million tons of reserves.
The stock has dropped over the last year, along with many coal stocks. That mostly reflects investor concerns about a slower global economy. But the company’s longer-term outlook is positive, especially as China, India and South Korea build more coal-fired power plants.
Alpha Natural trades at 8.0 times its forecast 2012 earnings of $2.60 a share.
Alpha Natural Resources is okay to hold.
A: Codexis, $5.33, symbol CDXS on Nasdaq (Shares outstanding: 35.9 million; Market cap: $191.3 million, www.codexis.com), makes enzymes and other biochemical catalysts for the production of ethanol, biodiesel and drugs. (Catalysts speed up chemical reactions without being changed themselves.)
Right now, Codexis…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
