Ranjit Thomas

As Coal Skyrockets, Analysts Are Late to the Party

I agree. It probably means the stocks have topped now that analysts are upgrading them! Let's not forget that none of these coal companies is actually making any money. They are all trading on optimism that they will make gobs of profits in future years as more of their production is sold at spot prices. However, that also means there's going to be a lot more supply in the spot market, so I wouldn't depend on spot prices holding up.