UK’s new coal mine sent ‘adverse international signal’, campaigners say
Environmental campaigners are challenging the approval of a coking coal mine in northwest England.
On the heels of Alpha (ANR) bidding for Massey (MEE), Cloud Peak Energy (CLD) looks ripe for a buyout. We think shares could fetch $30 apiece and, independent of a buy-out, CLD’s earnings multiple has plenty of room to expand. Cloud Peak generated $1.37 billion in revenues in 2010, which was a decrease of 1.96%, after rising 12.78% in 2009. The EBT margins in 2010 and 2009 were 15.46% and 18.2%, respectively.