Thursday, April 24, 2014
Will Arch Coal Ever Rebound?
After another weak earnings report, it appears that Arch Coal (NYSE: ACI ) may never regain momentum. The coal miner can't seem to catch a break with domestic thermal coal demand improving, but the high dollar metallurgical coal market plunging to new lows.
Arch Coal remains one of the largest domestic coal producers with a target of selling at least 130 million tons during 2014. Unfortunately, a rebound in one segment is being met by a loss in another segment. The company is suffering substantial losses, bringing up doubts of whether a strong enough rebound will occur.
Read the full article here.
Disclosure: Long ANR. Please review the disclaimer page for more details.