Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of coal producer SunCoke Energy (NYSE: SXC ) fell as much as 10% today after announcing its outlook for 2013.
So what: Management said coal sales are expected to increase slightly to 1.7 million tons next year but prices will affect profitability. Adjusted EBITDA is expected to be between $205 million and $230 million, with earnings per share coming in at $0.60 to $0.85. Right now, analyst estimates are for earnings of $1.26 per share.
Now what: This shouldn't be shocking news to investors, because coal prices have been dropping across the board. Metallurgical coal held up well until recently, but there continues to be pressure because of a slow economy around the world. I don't see this as a buying opportunity, and I'd be cautious about any coal-related stocks, thermal or metallurgical, going forward.
Interested in more info on SunCoke Energy? Add it to your watchlist by clicking here.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.