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I
plan on having some links and info on this sinking
economy of ours. I currently am invested in mutual
funds and have a small retirement fund that I don`t
believe will be enough.
11/08 - Bush and Co-
Bail out the banks that caused the economic crash.
Thats a great idea !! Bail out the asses who put us
in this mess to begin with
Clean Coal Cranks Up
By W.D. Crotty
December 30, 2005
On a day when the major averages are taking a downward
turn, clean fuel company KFX (AMEX: KFX) soared almost
11% on news that it has completed the first two production
runs at its K-Fuel plant in Gillette, Wyo.
K-Fuel is described by KFX as the "unleaded
gasoline" equivalent for the coal-fired industry.
The company takes low-grade coal, removes 80% of the
moisture, increases the Btu (heat content) per pound
by 30% to 40%, and reduces the mercury content (the
stuff that is credited with fouling water around the
world) by 70%. Sulfur dioxide and nitrogen oxides
will also be reduced by 30%.
KFX is betting that it's cheaper to remove pollutants
from coal before combustion and better to optimize
low-grade coal (and its lower price) for higher-price
uses, such as electricity generation and industrial
coal-fired boilers. It also offers its customers something
a mining operator cannot -- a coal that's more uniform
in its specifications. That should allow customers
like electric utilities to fine-tune their operations
to get optimum performance from the feedstock.
Investors have liked the story and have placed a
$1.2 billion market capitalization on the stock --
even though the company, before now, has not generated
a dime from the commercial production of K-Fuel. But
even before the first plant went into production,
coal giant Arch Coal (NYSE: ACI) and KFX announced
a deal in which KFX will construct and operate an
8-million-ton facility at Arch's Coal Creek Mine in
Wyoming.
With the first commercial plant finally running,
KFX is in the spotlight to produce the benefits it
has been claiming. A clean-coal tax credit of $5.35
a ton will help, as should strong coal prices.
The biggest competition will probably come from pollution-control
equipment companies such as McDermott (NYSE: MDR).
For now, customers will stay with technology their
industries are already familiar with.
Investors expecting big results will have to wait.
The three analysts following the company see 2006
revenue of no more than $30 million and a loss of
$0.30 a share (up from $0.25 this year).
For now, the stock appears to be more than fully
priced. The company needs to run the production facility
and prove it can operate at capacity without major
downtime. More importantly, the company needs to show
the economics of its current plant. When those costs
become evident, the stock will adjust to those long-term
prospects.
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Bush`s
Budget Proposal for 2003 is going to raise the bar
on what we can put away for retirement. But who do
you know that can save $15,000 a year for an IRA ,
$24,000 into an employer plan (401K) $22,000 a year
for college savings. And a doozy of a proposal - The
lifetime Savings Accounts which would allow a couple
with two children to sock away $30,000 a year. Thats
$93,000 of tax sheltered money that can be put away
yearly. I have been hearing nothing from the democrats
that Bush is for the rich. When I recieved a check
for $300 last year thanks to DUBYA, I wasn`t so sure
but this ..... Thats $93,000 yearly investment savings
which would take me ten years to come up with is Tax
Revenue stolen by the rich out of yours and my pockets,
as we will no doubt be paying for it down the road
when the rising deficit must be paid back.
JUST
MY 2 Cents ( hey thats worth more than an Enron Share)
Kevin
Beary
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