23 May 2012 by Jim Fickett.
There is a great deal of bad news lately about coal – electric utilities switching to natural gas, heavier regulation on pollution, slowing deliveries to China. However coal will remain a primary fuel for a long time yet, and the market is probably, as usual, over-reacting. Below is the recent price history of Peabody, the largest of the North American coal companies. The price is almost back down to the panic lows of late 2008.
I am not (yet) saying coal or Peabody is a buy – just that from the price history alone, it certainly looks to be worth taking the time for a real valuation.