schminkie

Reevaluating Coal

globally coal is in short supply: high demand. that would be both metallurgical and thermal coal. in asia many countries are putting high export tariffs on coal to discourage 'in-house' miners from selling abroad where prices are sky high. the shortages of thermal coal in china are nearly desperate now but i see that changing post olympics. by the way how about those swell womens' volley ball togs. anyway coal is booming and despite predicted bric slowdowns it'll continue to do so. but will the revenues and earnings justify high p/e? a great company can still be over valued by the market can't it? or maybe it's a sector swing with money flowing into one and out of another and back again.