- Suncoke Energy has continued to trade with a free cash flow yield in excess of 20%, reflecting considerable concern about the company’s prospects.
- SXC represents an attractive takeout target for industry-consolidator Cleveland Cliffs (CLF), which at a minimum provides downside protection, but also offers a potential catalyst for value realization in the future.
- SXC has had a rough go in the market since becoming publicly traded.
- The story of SXC is basically one of customer credit risk given its concentrated exposure to CLF.
For further details see:
Steel City Capital Investments - Suncoke Energy: An Attractive Takeout Target