Patriot Coal Corp. (NYSE:PCX)
CAPS Rating:
The company produces and sells thermal and metallurgical coal in the United States.
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The company produces and sells thermal and metallurgical coal in the United States.
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Like most of the other Fools that recently added PCX to their outperform list I think that they have been unduly punished. I really like companies that are oversold in must have industry sectors (IMO demand for coal is going to increase over the next 5 years) that have low debt and a low cost structure. There could even be a "flight to energy" in the short term.