AMR - Alpha Metallurgical Resources' Buyback Bonanza: Is The Party Over?

2024-05-06 16:15:25 ET

Summary

• Alpha Metallurgical Resources (AMR) is a met coal company with a strong focus on exports, allowing it to escape domestic coal demand decline.
• AMR is well-positioned to capitalize on long-term global demand growth, particularly in emerging markets like India.
• Recent earnings reflect industry headwinds, but AMR's healthy balance sheet and potential for pricing rebounds make it an attractive investment with cyclical risks.

Introduction

In January of this year, I started covering Alpha Metallurgical Resources ( AMR ) , a company I called "One Of The Wildest Coal Stocks On The Market."

As much as I dislike the volatility of most coal stocks and the fact that domestic coal demand in the United States has been in a steady decline since 2007 , there are a lot of reasons to be bullish on what may be one of the most aggressive buyback companies on the market....

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