How can you have a buyout w/ the Pres. destroying this industry
There really is no way to value coal Companies right now. With the new EPA mess and the Pres. killing coal right now, why would you buy now when you could wait 6 months and pay 50% less than current levels?
You don't get it. Companies think very long term as in 5-10 yrs or more when making strategic decision. They don't care what the day-to-day fluctuation in price. All they care about is growing the income for a long period of time. For miners, it is developing you own or asset or buying someone else's to grow or expand. For WLT, they have the best met coal and that is why their coal will always carry a premium.
agree with the original poster. While WLT's coal might sell at a premimium, if coal's value is reduced to zero over time....the premium is not worth much! Given the state of coal, it would be hard to forecast and long term value coal can provide at this time, which makes a buyout a pipe dream.