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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Energy
Tuesday, May 27, 2008
Arch Coal Chairman and CEO to Speak at JP Morgan Basics and Industrials Conference on June 3, Live Webcast Available
Comtex
ST. LOUIS, May 27, 2008 /PRNewswire-FirstCall via COMTEX/ ----Arch Coal, Inc. (NYSE: ACI) today announced that its Chairman and Chief Executive Officer, Steven F. Leer, will speak at the JP Morgan 3rd Annual Basics and Industrials Conference in New York City on Tuesday, June 3, 2008.
Interested investors may access a live audio webcast of the presentation at 2:15 p.m. E.D.T. on June 3 at Arch Coal's Web site at http://investor.archcoal.com/events.cfm. A replay of the webcast also will be available at the same URL for 30 days.
St. Louis-based Arch Coal is one of the nation's largest coal producers. The company's core business is providing U.S. power generators with cleaner- burning, low-sulfur coal for electric generation. Through its national network of mines, Arch supplies the fuel for approximately 6 percent of the electricity generated in the United States.
SOURCE Arch Coal, Inc.
http://www.archcoal.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 05-23-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 03-26-2008 for ACI @ $45.37. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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