Peabody: Investing In The Stock Again

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  • After buying Peabody stock at just over $10/share and selling near $30/share, I am now investing again as the share is approaching $20/share, but cautiously.
  • Even though the global economy is showing growing signs of economic stagnation, the energy supply/demand balance remains tight, which bodes well for coal producers.
  • Peabody stock is currently going through a soft patch, in part due to weaker quarterly results, and also in part to the retreat of commodities prices from record highs.

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