RE: RE: Could sit like this for years I really like where CMK is right now as an investment. Where it's trading at at the moment, it seems to me that one can't get a situation as crystal clear as this one is. There are only 2 things that concern me; one is the cash position, secondly, it's the situation in China.
With respect to the cash position and how long it will last, we'll find out on Monday.
I've been following the metcoal space for the last 8 years or so and the one thing that I've learned is that the demand for metcoal has largely been from China. If yesterday's GDP number is the bottom, then we'll certainly see the metcoal market return which will bode well for Cline as a going concern or as a takeout target.
Assuming that Monday's numbers are decent, one only needs to follow and make a call on China if you intend to hold or add. GLTA
Here's some info in support of yesterday's GDP as a bottom.
https://www.cnbc.com/id/48170777
https://video.cnbc.com/gallery/?video=3000102807&play=1
Here's some info in support of a bearish view of the situation in China.
https://www.alsosprachanalyst.com/economy/10-signs-of-economic-trouble-that-chinas-official-data-wont-tell.html
https://www.alsosprachanalyst.com/economy/before-and-after-chinas-steel-warehouse-edition.html
https://www.alsosprachanalyst.com/economy/as-demand-stalls-steel-and-coal-producers-sell-pigs.html
Caution to readers of these websites as I believe that alsosprachanalyst are shorters of China.