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22:17
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Originally posted by gragou02:
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I'm pretty much in line with the other contributors here. The lack of social acceptance of coal has created a selling pressure which in turn has pushed the price well below what any other stock might sell for if valuation rules were applied as they are with other stocks outside this industry. So the return is acceptable, particularly when compared with what's available everywhere else.
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Originally posted by timbowls:
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As someone who's in a bit of a younger demographic (25 years old) I'm seeing first hand the almost total opposition to coal from the vast majority of people around my demographic and think this will wash through as there is generational change in politics and management positions etc. I honestly shudder at the thought of these people seeing the graphs that SOL uses with the ever increasing amount of coal consumption that will occur in developing countries and from a pure business point of view I think this makes NHC a massive bargain (I only hold it indirectly through BKW and SOL which is something I obviously keep pretty quiet when all the anti coal discussions occur amongst friends on a regular basis!!). Unfortunately (or fortunately depending on how how you look at it) I think the image of the coal industry is only going to deteriorate further over time meaning that we might be stuck holding a very profitable business that never trades at it fair value. Would be interested to hear some more thoughts on this.
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All good points.https://www.cfainstitute.org/en/research/foundation/2018/popularity-bridge-between-classical-and-behavioral-finance https://lt3000.blogspot.com/2019/01/the-art-of-worldly-wisdom-smoking-and.html )
(20min delay)