Compare FELPU to ARCH, BBL and CCR. Most coal companies seem to have a PE around 4, one of these carries a PE of 11. Based on what these guys trade at FELPU should trade at $4.00 to $10.00. I think once they announce the interest payment was made the PPS will return to $3.00+ in a matter of days. Financials are scheduled to be released next week. I expect we’ll also find out about the debt restructuring.
Do not rely on my opinions when making investment decisions. They are only opinions and I am probably no smarter than you!