I am a former employee of Ashland Coal. I served the company in Exploration and Development in differrent capacities for 19 years. I know most every property Ashland plans to develope. When I was terminated due to "downsizing", I knew that the comany would fall COMPLETELY in the hands of Ashland Oil (Ashland, Inc,), and Arch Coal in a very short time. As it seems, I've been correct.
I am not a stock analyisit or an accountant, but in my opinion Ashland Coal could have been a very profitable company in the near future. How much money Ashland got from "Ashland Inc," I don't know, but I'm sure that wasn't the only resource available to them.
I have a new job now, one that I'm very happy with. I dare you to offer me a job with Arch Coal! I don't think I'd work for Ken Woodring, Teresa Daniel, Jeff Hoops, DAVID TODD