Loading ...I’ve been waiting for a dip since Feb 1st, it caught my attention, and it just doesn’t want drop. So today I read up on it sounds like it has a lot going for it. I’ll probably have tip toe into it, being so high, like I should have last month.
https://finviz.com/quote.ashx?t=AMR
part:
“Thanks to the continued dedication of our team, Alpha closed out the fourth quarter with an impressive $315.8 million in EBITDA and continued significant reduction in our long-term debt level,” said David Stetson, Alpha’s chair and chief executive officer. “In looking back on 2021, it was truly a transformational time for the company, complete with a name change to Alpha Metallurgical Resources at the start of the year and a series of important steps in solidifying our role as a leading pure-play metallurgical coal company and building on our role as the largest U.S. met coal producer. We transitioned our portfolio towards lower-cost and higher-quality operations, refreshed our board of directors, and completed refinancing of our ABL. Importantly, we are also making swift work of our balance sheet transformation. In a few short months we dramatically reduced the company’s long-term debt and legacy liabilities, further strengthening the already firm foundation that Alpha enjoys. We have continued this momentum with an excellent start in 2022 and, if coal markets remain robust, we expect to be in a position to eliminate our long-term debt within the calendar year. Given our cash generation projections for the year, I’m pleased to announce that our board has approved a $150 million share repurchase program to continue increasing shareholder value.”
https://finance.yahoo.com/news/alpha-announces-fourth-quarter-full-123000989.html