A Straight Up Wager on Coal

Looking for a pure play in metallurgical coal? Alabama’s Warrior Met Coal is the only one you’ll find. Question is: How many are willing to bet on coal?

A shiny diamond has yet to emerge from April’s initial public offering by Warrior Met Coal. After purchasing Birmingham’s Walter Energy out of bankruptcy last year, Warrior Met Coal made its IPO of nearly 16.7 million shares of common stock at $19 per share on April 13 and began trading on the New York Stock…

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