(Reuters) - Shares of coal companies Arch Coal ACI.N and Alpha Natural Resources ANR.N may be undervalued after plunging over the past year, according to an article in the April 9 edition of Barron‘s.
Both stocks are near all-time low valuations, the article said. The article quotes David Steinberg, a portfolio manager at DLS Capital Management, as saying: “The valuations are approaching 2009 lows and the businesses have fairly stable characteristics ... This is a pretty good spot.”
Reporting By Lewis Krauskopf; Editing by Bernard Orr