SunCoke (SXC) announced its most recent earnings on January 29, painting a mixed picture for investors. SunCoke's largest business unit, its domestic coke business, showed strong EBITDA growth for FY 2019, while the logistics business, which focuses on coal for export, struggled mightily due to bankruptcies of two key customers. CEO Mike Rippey was refreshingly upfront with his assessment of the headwinds in the steel business that confront SunCoke, but also struck a note of optimism for FY 2020. Despite the difficulties facing SunCoke, we find the company's ability to generate Free Cash Flow compelling