Poor Stock for 2011 Transforms to Good Stock for 2012
There were a number of stocks in 2011 that really struggled. Despite the fact that they were hurting this year, does not mean that 2012 will be the same. Here are some stocks that are looking like they will pick up in 2012. Lindsey Bell brings the good news for these stocks.
Alpha Natural Resources (ANR)
Company Profile: Alpha Natural Resources is an Appalachian coal supplier.
2011 Stock Performance: minus 59%
What Went Wrong: The acquisition of MasseyEnergy after its tragic mine accident in 2010 is taking longer than expected to integrate and costing more, causing investors to question the acquisition. Concerns over an economic slowdown in the U.S. and Europe also weigh on the stock.
Is It Worth Owning in 2012? Many analysts argue that the stock has been unfairly beaten down. As Massey Energy is consolidated, its profits will improve and the realization of savings ($150 million in 2012) will provide support for the stock. Plus, U.S. coal contract prices are up from last year, which will help profitability. I recommend buying this stock in 2012.
Things sure can change in a years time. This stock sure was down and out during the past year, but could be on the up and up next year. 2012 could bring good things for ANR and its stock holders.
Quotes taken from report by Lindsey Bell, Read the entire article here.
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