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....
Read the full article on Seeking Alpha
For further details see:
Alpha Metallurgical Resources' Buyback Bonanza: Is The Party Over?