I own some MEE along with several other major coal producers. It is one of many bright spots in my portfolio. The coal producers are all beat down right now due to current economic conditions. Massey has cut production by a large percentage and has shuttered some production sites completely. They were well positioned for this mess and were able to adjust to it.
It's a little impossible for a small company like Quest that has a single production site to react like that though. When they ceased production at Pond Creek it helped the bottom line only by reducing the red ink. But there is no way to swing a profit based on production when the only production they had was ceased.
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