Rhino Resource Partners LP (NYSE:RNO) (hereafter "Rhino" or "the Company") is a coal producer operating in both the eastern, central and western United States. On November 7, 2012 (the day before election day), Rhino opened at $14.58; on December 14, it closed at $12.63 - a loss of $1.95/share, or 18.9%. During that period, Rhino traded down 18 days and up nine. More significantly, on October 24, Rhino closed at $17.02 (its most recent high), which, compared to its current valuation, means the Company's stock has dropped almost 25% in value in less than two months. Its 52-week trailing high was $21.67 on December 22, 2011.
In short, Rhino has been trending somewhat alarmingly downwards.
Some of the...
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