Massey Energy (MEE) With Blow Out Earnings (ex - Charges) - Trader Mark

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1 pt	Massey Energy (MEE) With Blow Out Earnings (ex - Charges)
	Aug 01, 2008 12:30 PM UTC

Trader Mark

Return	Risk
-12.84%	LOW

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Symbol	Sentiment	Start	Return	Closed
MEE		08/01/08	-82.84%	--

Via Fund my Mutual Fund:

Massey Energy (MEE) has also reported one heck of a number, but has a very big charge for a legal dispute which is marring the quarter. Again these are 2009 stories, not 2008 so anything now is "cake". Analysts were in at $716M revenue and $0.77 EPS. Both revenueand the bottom line was a smash hit. With the charge for accrual for litigation with Wheeling-Pittsburgh Steel Company they lost a whole lot of money. Ex-charge the results came out like this...

Massey Energy Company (NYSE: MEE - News) today reported a year over year increase of 38 percent in second quarter produced coal revenue and an 8 percent increase in produced coal tons sold, highlighting the strength of the Company's expanding operations in Central Appalachia.
Produced coal revenue for the quarter was a record $710.3 million compared to $516.2 million in the second quarter of 2007. (total revenue

...

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Massey Energy Company (MEE)

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This Quarter's Sentiment:

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by Zack Miller (BloggingStocks) about MER

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