Saturday, October 27, 2012

Touting Coal (3)

Taking a position in coal while the fog is thick regarding the election results is likely to reward better than waiting until there is certainty. Use risk management accordingly.

James River Coal Company (JRCC) is based in Richmond, VA. Recently, they have been losing money, but their cash position is pretty strong (Current Ratio 2.33, Quick Ratio 1.92).  The shares are priced at 0.6 times the Book Value.

























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