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Canadian Value
CanadianValue
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Wilbur Ross Discusses the Beaten-Down Coal Market

July 17, 2012 | About:

Vulture investing guru Wilbur Ross has considerable experience in the industry with his time spent involved with International Coal (ICO).

If you are a value investor you may now also be looking at coal companies which have stock prices in many cases down 70% from recent highs.

Ross was on CNBC and had some comments on coal:

- The downturn in coal is secular and not just cyclical.

- There has been structural change, the EPA has made a decision that means there won’t be any more coal plants built.

- Natural gas needs to be at least $4/mcf for coal to be even close economically.

- But even if coal is economically equivalent it still is behind because of environmental reasons.

- If he had to pick one coal stock it would be Arch Coal (ACI).



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CanadianValue
http://valueinvestorcanada.blogspot.com/

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