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Should Investors Look to Coal to Boost Their Portfolios?

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  • Description

    FBN’s Charles Payne on investing in coal companies such as Walter Energy.

  • Duration 2:23
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As up over a hundred points 110 actually so we had to make some money off the bat south -- here with -- rebounding global economy -- talk about some diversified metals and mining companies -- yet.

Yeah I'm going to talk domestic got actually a whole company but its metallurgical coal you know we keep -- about the negative -- called natural gas heating up.

And also the EPA which is launched the war against them that's -- for -- stuff from talking about coal used the -- still.

And this is sort of a contrarian play Walter energy because.

You know we keep hearing -- the global economy has slowed down and there's no doubt about it I think there's a little bit of growing paying some members still India China.

But the growth is still in being able you know I mean again China at 7% -- a hard landing for us it's a dream come true.

But -- not in the short the coal camp.

Because a lot of people -- -- -- -- -- to your point EPA's trying to kill a lot of the coal stocks have come down precipitously.

You're not in the camp.

Then I'm worried about the coal that's used for heating you know because I don't see how they can compete in natural gas and BP at the same time but this is coal.

That's -- that ultimately makes buildings -- ultimately it is a good proxy -- think for the global economy now the one thing I will say about.

This specific point two things they report tomorrow.

They've -- 33 of the last four times.

If you are not something of a cowboy may be overweight at in have been up until assays as stock now the good news is this stock is among -- momentum darling -- -- the globe.

-- -- -- I'm already and it's I had no choice but to hold on put my head swim collapsed -- the heavily dependent the -- Not that -- today that they've got tired of -- that that's that's the way I'm gonna handle it but that all.

All investment -- is if you believe that this is is that pick up with respect to the emerging markets.

And -- and -- market for this company China.

China and their major company -- -- with the silly or really go or download all the news we get out of China -- yet but a lot of businesses are getting out of China so it's a weird because you know again and bought -- how much can we trust kind right right but the fact this they had their PMI number overnight it was pretty good.

And I you know I think we hate to admit that China might be.

Pulling off a soft landing I think we -- we were little jealous about that in to effect a that they got together and did it and yeah I think you know -- -- this time in this country figure -- capitalism and here we are -- up the greatest begins and it broke the history in the history of mankind we -- until about.

-- or unidentified but you don't want to start -- yeah.

Yeah.

We did -- -- and.

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