Well, "takeover" has been the coal mantra (or...pipe dream) for us longs and bagholders now for the last year or more. Thus far, it isn't happening. Most coal companies are already in debt up to their elbows, so I am not sure what catalyst would exist for any takeovers. The only think I could see MAYBE happen might be a purchase of Yankee interests by China or India, but even that is a stretch (I doubt the the US gov. would want to see a foreign country buy into US mineral rights).
Long both JRCC and ACI, and patiently waiting (and taking a bath in the meantime).