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The EPA made new regulations requiring coal plants to install equipment that will reduce pollution. While this will cost coal companies some money, Cramer thinks it is good news, because it takes worries about plant closings sac longchamp soldes off the table and shows that the government is open to the possibility of cleaner coal. Overseas, coal demand continues to roar higher, as a new coal plant opens every week to ten days in China..
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Consensus estimates for Bristol Myers' EPS forecast that it will decline by 13.6% to $1.97 in 2012, decline by 0.5% in 2013, and then grow by 17.3% in 2014. Of the 10 revisions to estimates, 9 have gone down for a net change of 2.1%. Assuming christian louboutin outlet a multiple of 18x and a conservative 2013 EPS of $1.93, the rough intrinsic value of the stock is $34.74, implying 7.6% upside..
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