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Hi Garrett, in NZ we watched this terrible incident in your old hometown live on the global networks, due to the time differences. Thinking of all the unfortunate people and their friends and family caught up in the collapse. It seemed ironic that one report referred to concern over two workers who were patching potholes on the night shift. Ageing infrastructure has long been recognised as neglected in the US and we all remember President Biden visiting a previous collapsed bridge and calling for infrastructure renewal.

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Black Swan event, Gary.

My second thought was what would happen to the Baltimore Drug Trade...

It seems like a terrible thing to consider, but it will have a serious impact on the local economy, and no one wants to talk about it. This is how turf wars start.

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Sadly in NZ the policy is to wait for an extreme weather event (common grey swans these days) like a cyclone to destroy ageing and unsuitable infrastructure before investing in resilient upgrades. You mention the drug trade which I assume has to do with the shipping industry. Which makes me think about "What will be the opportunistic trades that arise from this cataclysm". cheers, G.

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As I said... I think that anything around CEIX is a bargain... I'll look at a recommendation around it on Friday. They're a pure cash operation that buys back stock.

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Moody outlook for CEIX https://tinyurl.com/m4hyys9e. Might go long anyway :)

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Moody's? Who are you? Ben Affleck? Moody's is legitimately paid to downgrade coal stocks.

This balance sheet is a sex cannon.

8 f score. Z score at 3.65.

They are just cash flow. Only thing that matters is coal prices, which track copper and steel prices. You're down there... how is Aussie copper and steel doing? Not bad, I assume.

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As a non American I don't understand the Ben Affleck thang, but I am suitably chastened. Thanks for reminding me never to take any notice of the ratings from the manipulators. In Aussie <not New Zealand> – copper price is up around 10 per cent and iron ore is down around 20 per cent.

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GB, my heart goes out to Baltimore and the workers affected. The Army Corp of engineers I hope can bring in ferries for some relief. Power failure #2 on the ship put my jaw on the ground. Hard to watch, especially since I live in a port city. Many prayers are going out to Baltimore!

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