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1. International markets are price sensitive and it costs too much to ship coal from the US.2. US Coal export capacity relative to production capacity of coal diggers is miniscule.3. Any profits that are generated by exporting small quantities of coal will be first eaten up by the railroads, then by the ports - both of which are monopolies for these shipments.What is needed is for bankrupticies followed by financing to be shut off and many coal diggers to go out of business. The few diggers (miners) that survive could make some money for a short time.If ARCH is to be a survivor they need to cut the dividend now and conserve cash.
I see a divvie cut looming this year.BTW Arch is a good example of why you should never believe anal-ysts who project a stock price based on projected earnings x PE.