That's what this company is right now. Will it survive downturn in coal prices or go bankrupt? I say it survives but my play is shorting Sep and Jan 3 and 4 puts. Return is better than 100% if it holds above $4.
Yes...and you could say that about ACI, ANR, PCX, and, pathetically, even BTU, once a stalwart of the patch. The BK talk, however, is ludicrous. If one argues that JRCC will go BK, then 4 or 5 other companies would go up in smoke with it.
I wish you well, my friend. GLTY, whether you are long (I doubt it), short ( probably), or neither (also probable).
are you selling these puts? If so, looks like a good play...the stock has only closed below 5 for 14-15 days in the past 5 yrs..cash 5.75 per share, and balance sheet in good order..co will last and looks like it has the most upside, especially if an offer gets thrown at them...