Clear Blue Skies Ahead for National Coal Corp. (NCOC) Business
The price of this stock at the start of the third trading week of July 2008 was about 50% below the 52-week high of $10.83. The Earnings per Share have disappointed investors at -1.49. However, no coal industry stock should be “written off” at the stage. Indeed, a careful review will show that the corporation has excellent future business prospects. Annual sales growth during the Most Recent Quarter has exceeded 85%. The company owns and leases about 100,000 acres of coal-rich lands, which are supported by extensive infrastructure for logistics. It has top electricity utility companies on its rolls of…