April 8, 2012 / 7:45 PM / 6 years ago

Arch Coal, Alpha Natural may be cheap: Barron's

(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

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