Circling the Coal Carnage
For value players and investors in distressed industries, a lot of the attention is starting to focus on the coal space. Following Patriot Coal's (PCX) announcement that the company has begun to explore restructuring possibilities, I have gotten several questions per day about coal stocks. In recent weeks I have discussed this sector and, more specifically, the bonds of some of the more leveraged coal companies. The group is an area worth exploring. It seems nobody loves coal these days, as everyone from the Environmental Protection Agency to the utility companies turn their back on this longtime fuel source.
As with any energy subsector, when I have questions I contact fellow Real Money contributor Glenn Williams. Glenn has more knowledge and insight into energy than anyone I have ever met. He is a valuable resource, and if you are not reading him, it is probably costing you money....711 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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