stock recovering..., page-5

The more I look at CEY the more I like... in particular:

- focus on thermal coal and delay of the fed govt's CPRS carbon scheme, although over the long term the carbon price signal will make domestic coal fired power stations less economic (already, we are seeing that most new proposed power stations are gas fired)... which means that if Aussie demand is eventually decreasing, then

- the focus on export strategy is good for CEY. Worldwide demand for coal will stay strong, as developing countries won't be able to transition to cleaner power due to the cost of doing so. Under the proposed CPRS, I don't believe CEY would need to buy permits to offset the carbon stored in the product it exports - rather, it only needs to buy permits to offset the emissions let out during mining and production (which are very small compared with the emissions let out when the coal is burnt)

- the progress on new export terminal is good

- low debt

- solid dividends

- good management track record

- hoohoogrub is on the money, CEY is way oversold IMO

I'm expecting solid gains back to the low $3 level, unless the whole market craps out (ie if GM fails, swine flu takes off etc), in which case stock fundamentals go out the window and she'll be back to the mid-high $1 range... and I'll be happy to pick up more!

As always, DYOR