Warrior Met Coal, Inc (HCC)

[couldbebetter]

The problem here is that all Met Coal miners are increasing production
all over the world which will bring down the cost of Met Coal. What
HCC should do is carry zero debt and use excess cash to buy back shares
if and when that makes sense. Once the tax loss shield is gone and
the Democrats raise corporate taxes then borrowing money to buy back
stock "might" make sense. Should EPS in some far out year fall to
$2.00 a share it would be nice then to have a $2.00 annual dividend to
support the share price. These special dividends destroy the long-term
potential value of the stock because that money properly used today can
help to avoid problems in the future.