Thursday, June 29

The new accounting system has been completed and rolled out ahead of schedule, and we’ve turned our attention to screener results. We’re beginning to think it might be time to look back into Cloud Peak (CLD), as their price has fallen far below even liquidation value for their assets and property. Our last position in that stock suffered losses due to trade timing – we backed out too early. We’re creating a model for profitability based on a range of future commodity prices, but preliminary examination leads us to believe that there might be a rebound coming sometime this year. In either case, technical factors are continuing to drive the price down so we have some time to reach a conclusion.

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