We bought BCB in the Emerging Companies Portfolio late last year, with the stock down ~5% since, and down around 20% from recent highs set last week. Coal has been under pressure recently and we are largely neutral on the commodity, however, we see upside in the met coal name as they start to ramp up production across their assets. Wet weather will have an impact on Dec quarter sales, however, they are expected to ship their first bulk carrier this month which should please investors. This is one resource stock held in the portfolio we are happy to be patient with.
MM is bullish and long BCB in the Emerging Companies Portfolio
Add To Hit List
