The most dangerous words in commodity investing are "it can't get any
worse". Nevertheless, it's hard to investigate the current conditions
and valuation at Arch Coal (ACI)
and come away thinking that there isn't some long-term potential here
in the shares. Potential is a dangerous word, though, and nobody should
consider these shares today who can't stomach the thought of another leg
down before stabilization.
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Arch Coal Has To Bottom Out Eventually
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