redfog

An Unfortunate Turn of Phrase: Take It with a Lump of Coal

Greg - Nice post. JRCC has yet to prove it can turn a profit given its excessive debt, diluted shares, and old old old equipment coupled with the high cost of diesel to erode its margins. CEO Socha will spin for another quarter while those low-cost coal contracts run on and on.

The only reason JRCC went up: It's the only U.S. coal company without a P/E ratio and the hedgies used that to manipulate the share price into stupid territory. Do your homework.