PE compression? Lack of demand, reduced guidance? Those PE's come down would effect stock prices.
this industry has been on rock bottom for months. I think this is the worst , like AA. The coals are at these prices because people have already priced in this kind of news. BHP said a few months ago that good met coal will become scarcer then iron ore in a couple of years. Look how hard it is to mine. Yet they haven't figured out any other way to make steel.Notice how all companies may cut back produciton at same time, They are working together to but a bottom in prices. They need to get paid