Orlando, FL -- (SBWIRE) -- 10/11/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Arch Coal Inc (NYSE:ACI), L Brands Inc (NYSE:LTD).
Arch Coal Inc (NYSE:ACI) shares gained 2.93% to $3.86. The company on Oct. 10 announced that it has entered into an agreement to acquire the Guffy property from Patriot Coal Corporation ("Patriot") for $16 million in cash. The Guffy reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, and are of comparable quality to Leer's high-volatile "A" metallurgical coal reserves. The addition of the Guffy reserves will enable Arch to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by nearly three years.
Additionally, the company on Oct. 8 announced that John McDaniel, director of engineering and technical services, eastern operations, received the "Because of You" Engineering Professional Award at the fourth Miners' Celebration Conference held recently in Beckley, W.Va. The event celebrated the past, present and future of West Virginia's coal mining enterprise and recognized those who play a role in the state's mining industry.
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L Brands Inc (NYSE:LTD) shares declined 4.07% to $56.60 in the last trading session. The company on Oct. 10 announced that its previously announced offering of $500 million aggregate principal amount of unsecured senior notes due 2023 (the "2023 Notes") priced at 100% of the aggregate principal amount with a coupon of 5.625%. The sale of the 2023 Notes was underwritten by BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint book-running managers. The 2023 Notes will be guaranteed by certain of the Company's subsidiaries.
Additionally, the company on Oct. 10 reported net sales of $786.0 million for the five weeks ended Oct. 5, 2013, compared to net sales of $773.6 million for the five weeks ended Sept. 29, 2012. The company reported a comparable store sales increase of 1 percent for the five weeks ended Oct. 5, 2013 compared to the five weeks ended Oct. 6, 2012.
Is LTD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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