Wilbur Ross: Avoid Coal and Railroads as US Switches to Natural Gas

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Wilbur Ross: Avoid Coal and Railroads as US Switches to Natural Gas

 

U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. WilburRoss, WL Ross & Company chairman/CEO, discusses whether investors should expect more trouble ahead for the commodity

Jim O’Shaughnessy: Fear Signals Created By The Reptilian Brain

ValueWalk's Raul Panganiban interviews Jim O’Shaughnessy, Chairman, Co-chief Investment Officer, and Portfolio Manager at O’Shaughnessy Asset Management. In this part, Jim discusses the fear and emotional signals created by the reptilian brain. Q1 2020 hedge fund letters, conferences and more That's very cool. For the factor to try to seek the reason why it works, Read More


Quotes:

“The current downturn is secular.”

“In the past it’s been cyclical but not now. The last time coal traded at these levels the industry turned higher but I don’t think that happens this time.”

“Some railroads have large dependency on coal, too,” and that could be a problem from their bottom line.  However don’t paint all railroads with one brush, “Others do a big business hauling nat gas, ethanol and other liquids.”

“The EPA has clearly made a decision that’s quite antithetical for coal in the way of new rules they’re imposing on power plants.”