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%.
For further details see:
Arch Resources: An Update On This Cheap Coal Producer