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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Open Pits and Share Splits

Peabody Energy (BTU), the world's largest private-sector coal company sold 227 million tons of coal last year. That is almost 3.5 tons of coal per share. On March 30th, 2005 their stock will split 2-for-1.

Not to be outdone, Fording Canadian Coal Trust(FDG.UN) has called a May 4 meeting for unitholders to vote on a 3-for-1 stock split and a reorganization. Investors liked the news as Fording was up over 5% yesterday.

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