Not exact matches
It expected that
companies with high financial leverage and refinancing demand would take a
hit, tipping five stocks as especially vulnerable: China Eastern Airlines, China Southern Airlines, Yanzhou
Coal, Huadian Power and Huaneng Power.
U.S.
coal production
hit its lowest level in 40 years in 2016, and the size of the
coal mining work force has been cut nearly in half, to stand at just 77,000 workers (roughly the employee size of Delta Airlines or Whole Foods), spread out over a few dozen
companies.
Yankuang, China's fourth largest state - owned resources
company, lost 20 billion yuan ($ 4.2 billion) last year as the price of
coal hit a 12 year low.
In the last year, tons of big - cap
companies, many with dividends, have
hit temporary rough spots...
Coal, gold and copper miners, natural gas drillers, utilities, the list goes on and on.
Another major U.S.
coal company, Alpha Natural Resources (NYSE: ANR)
hit a new all - time low yesterday at just 27 cents per share, and sank as low as 24 cents that morning.