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$CNX said it agreed to sell Buchanan Mine in southwestern Virginia & certain other metallurgical coal reserves to Coronado IV LLC for total consideration of $420MM, including $398MM cash payable at closing. The deal is not subject to financing condition and is being funded by Energy & Minerals Group (EMG). EMG has about $16.5Bil of regulatory AUM.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.