This is as attractive as my favorite, ACI. I like the business model LESS than ACI, but I like the balance sheet a lot more....and the price/book and price/sales ratio are super low.
This sector is going to bounce, later this year, and we're going to make a ton of money, when the speculators decide it is "safe" to reenter here. Both ANR and ACI have a ton of cash on their balance sheet, so liquidity risk is NONEXISTENT....for a very good while. Like, until they turn things around.
Meanwhile, any price bouce in thermal coal (expected!), will get people talking about this sector's turnaround potential.
I expect to make 50-100% here, and in ACI, by the end of this year.
ANR's bonds are 3.75, 4.5, 5.5% range....WLT's bonds are 11.5% and are dngerous. The lower the bond yields the safer the investment.....the cost to do business is much lower for ANR vs WLT...at one time WLT was by far and away the better of the two...however, when WLT bought Western Coal they paid 4X too much for it.