Paulson And Co. Investors May Be Getting Coal In Their Stockings This Year

By Bess Levin

One of the stocks in Paulson’s portfolio, Alpha Natural Resources, is getting clobbered today after the company and rival Walter Energy warned that output for steelmaking-coal will fall short of expectations…Paulson’s bet on Alpha Natural Resources is a relatively small chunk of his portfolio, but it is another ill-timed wager this year from the man who made a fortune from smart wagers against subprime bonds. [WSJ]

Comments (12)

  1. 1
    Posted by IRS | September 21, 2011 at 4:17 PM

    The "Advantage" of the Advantage Fund is extra write-offs you get when you invest in it.

  2. 2
    Posted by Guest | September 21, 2011 at 5:16 PM

    Can Matt analyze the impact Santa distributing coal to these investors on ANR's stock price?

    Specifically, if Santa purchases the coal on the open market.

    Thanks.

    - Guys who think's Matt isn't busy enough

  3. 3
    Posted by John | September 21, 2011 at 5:23 PM

    I just bought it because I liked the name. Pretty much didn't even research it.

  4. 4
    Posted by early_hominid | September 21, 2011 at 5:34 PM

    “Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy.”

    I can't remember where I read this . . .

  5. 5
    Posted by spanishmoon | September 21, 2011 at 5:36 PM

    Bringing new meaning to "redemption in kind"…..

  6. 6
    Posted by Bite 2 of Us Cold | September 21, 2011 at 6:21 PM

    We're ready to help.

    -Former Coal Trading Team at JP Morgan.

  7. 7
    Posted by Chiarb | September 21, 2011 at 6:35 PM

    In his defense he sold 8+ million shares of ANR in the second quarter and the shares were never below $40 in that period.

  8. 8
    Posted by P the cable guy | September 21, 2011 at 6:36 PM

    Paulson you suck my new hedge fund is launching soon "Redrum Capital Management LLC", stay clear my friend we don't %^&* around over here. Our "ShankFund" will be aiming to draw blood in the markets while generating pure alpha. See you in the shower bitchz!

  9. 9
    Posted by Guy that forgets. | September 21, 2011 at 7:15 PM

    I have it tattooed on my balls….

  10. 10
    Posted by Richard | September 22, 2011 at 8:03 AM

    Enough with the Paulson made a smart bet routine. He was late to the subprime party, no dealers would take his bets by the time he got in, and the only reason he got any bets on the table was that a few shadier institutions like Goldman found him the few real money suckers left in the market to take the other side under the guise of buying "AAA" securities. When the game is rigged, he makes money. When he's playing markets, he's just another monkey throwing other people's darts at the dartboard.

  11. 11
    Posted by Guest | September 22, 2011 at 9:14 AM

    Exactly – dollar for dollar – Paulson is net negative. If you take the total money he made his 500% year and subtract the money he lost with billions more AUM the dollar amount is net negative.

    He is a one trick pony!

  12. 12
    Posted by guest | September 22, 2011 at 11:39 AM

    one trick ponying it and finishing with 15 billion is the NKI

    —Paul Simon

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