Nice to read you buoyed and positive Bill. I agree and we all hope Mark has been right and that you are right. Dont agree with the $60.00. Whats wrong with $100.00 . Lets hope the WS guys feel the same way. Be well.....Ed
Actually I tend to agree that ACI's price target is more likely $100 than $60. I hade to tell them a smaller number $60 per share because I do not want the kids to be scared.
Look each share of ACI corresponds to 2/3 tons of coal production per year. How about ACI starts to make just $20 profit on each ton of coal sold? That's pretty modest comparing with $100+/ton coal price in China. On $20/ton profit we will be talking about ACI making $13.33 profit per share per year. A reasonable ratio of P/E = 10 then put the fair price of ACI at $13.33 * 10 = $133.30 per share! Don't belieev so? In one or two years you will see it to be lieve it.