The downtrend has been in place for the whole year. I don't think the price will make them cut the dividend. It will end up being the price of coal and profitability. They recently cut production at higher cost mines to hopefully mitigate the weak price in coal. I think this leg down is because of how other coal companies are doing.
BTU was up and ARLP was down and the reason was because of the environmental regs? I doubt that. This stock has been a value trap for at least 10 points. The weakness has been amazing. I'll watch and buy if I start to see some kind of strength, but at this point it could be in the 16 to 17 range.
Yeah, probably the case. Then again oil is getting hit today as well. Coal is out of favor and with the negative agenda in Washington it will be under pressure. ARLP is the best company in this area IMO, but still is in a negative atmosphere. I still think that it is oversold in this area.
This stock is so oversold it's ridiculous and yet it continues to ride the lower BB down day in and day out. It would be nice to see strength at some point. Guess I'll wait to take a little more on strength.