1. I own USG and will also be adding more if it goes 10% or so lower.
2. I also own ICO and added more on Friday. For a good analysis of the situation in coal at the moment, I refer you to this article: http://energy.seekingalpha.com/article/33025

StockRake: Glad you like my MWRK idea even before I posted my rationale. I should have my MWRK post done sometime this weekend, so stay tuned.

David: USG is a favorite of mine and I might even add more shares if it drops below $40.

David: Those coal stocks sound interesting. What kind of competitive advantages do they have? Is coal is some kind of price slump?

Joe Davis: I was one of those blindsided investors. I think I might have to create an online memorial dedicated to the ‘clever’ management so others can know who they are dealing with when doing business with them. These managers need to know there are consequences to their actions.

I never take these unless I’m ‘sure’ of the actual final details.

“Taking into account the charge for Flint Ridge, EBITDA performance in the second quarter was essentially flat in comparison to the first quarter,” said Ben Hatfield, President and CEO of ICG. “However, from a performance standpoint, the second quarter was disappointing on several fronts. Second quarter profits were negatively affected by theFlint Ridge mine reclamation charge, costs arising from new state and federal mine regulations, and by adverse geological conditions encountered at our Knott County,
Buckhannon, and Vindex operations. Additionally, the expected boost from newly developed mining operations was suppressed by delayed regulatory approvals at
Philippi’s Sentinel-Clarion operation and adverse mining conditions at the Raven complex.
Despite substantial cost improvement at several key operations, the weak April and May results eclipsed much of the June momentum.” Hatfield continued, “The delay in new production ramp-up and the other issues largely
offset strong second quarter operating performances at our Eastern, East Kentucky, Illinois and ADDCAR business units.
“Just as we were poised to benefit from increased production output in June,” Hatfield added, “several operations were affected by delayed shipments arising from rail service interruptions, which increased our coal inventories by 210,000 tons, or 27%, compared to
March 31, 2007. However, overall mine cost performance improved significantly during June compared to all prior months in the first half.”

I don’t think this warrants a 30% drop in stock price.