Over-reaction plus hedge funds dumping shares like crazy
SEC needs to investigate this. Company was rumored in buyouts in the $12 billion area just 1 1/2 yrs ago and now it isn't marked at even $1 billion. They have tons of assets. Coal market will turn around. LT projections for coal are huge. This is a screaming buy for the patient investor.
There will be plenty of hedgies buying Monday.
There might be a dip down to get a lower price, but they love cheap shares and huge discounts.
very likely the Icahn crowd will take a big position, has his style to it.