This company does not have the luxury to show improvements at the "end of the year". They need to show good news for next quarter! At the current price juncture, no advanced technology will be good enough to revive it! This over grown gorrilla is very sick and can drop dead over night if there is no immediate cure!
Coals will stay around for a long time. However, shareholders will either be holding an empty bag for a long time, go insane , develop an ulcer a size of piece of coal or go broke if coal companies can not come up with positive earnings, news about mergers or debts consolitations.
In the last report quarter, excluding one time items, operation-wise, ACI lost $0.60 on each ton of coal sold. Yes they lost 60 cents, two quarters and two nichels on each ton of coal sold.
It was a loss but it was an extremely tin margin of loss, when coal is sold for well above $100 per ton in international market, and MUCH HIGHER than the US prices, what is the odd you think there is that ACI can never close this un-profitable 60 cents per ton gap and never turn a profit?
I would say that chance is pretty goodthat coal price can move up by $0.60/ton pretty quick and can move up by asmuch as ONE HUNDRED TIME bigger than that gap. Thus ACI will be making a gigantic profit on higher coal prices.
Stick to coal. If ACI only makes $10/ton profit on coal, a very moderate profit margin, then that's enough to justify ACI at $100 per share.