CVNA - Arch Resources: An Update On This Cheap Coal Producer

Summary

• Arch Resources is a coal producer primarily focused on supplying metallurgical coal for the steelmaking process.
• The company recently reported Q3 earnings and shares popped over 10% as a result.
• The company has already earned over $40 per share in 2022 and the financials continue to improve.
• Cash is increasing, debt is decreasing, and the buybacks continue at this dirt-cheap valuation.
• Despite declaring another massive variable dividend of $10.75 for this quarter, short interest remains high at over 20%.

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