From this news: "...$110 million net profit reported last year by the current owner of the mine, the International Coal Group (ICO), the Times reported:"
ICO, in my opinion is one of those rare occasions to get into a very promising Energy stock near the bottom these days. In fact, believe it or not, todays price it's below last year's IPO (when I literaly flipped the coin to decide to get in or not - and I'm glad I did it only now).
One of their mines (that generates some 2.3% of all revenue) was the one that was involved in that tragic accident in January in Virginia, in which 12 miners died.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.