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Should Investors Look to Coal to Boost Their Portfolios?
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FBN’s Charles Payne on investing in coal companies such as Walter Energy.
- Duration 2:23
- Date May 1, 2012
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FBN’s Charles Payne on investing in coal companies such as Walter Energy.
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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.