@1ronnie and whoever has been wrong will be right eventually. I...

@1ronnie and whoever has been wrong will be right eventually. I don't agree with the fact that it's overcrowded, still plenty of doubters including yourself.

The stock has traded on pure confirmation, not speculation. The cashflows have been massive to say the least and accordingly investors have purchased the stock. Will cashflows be sustained at these levels? Course not but it doesn't have to. It's trading on a PE of 1 - 2. Buybacks make complete sense with low PE's. Recession doesn't necessarily mean coal demand and price will get smashed. We're already in recession on inflation adjusted figures. It's the coal supply (or lack of) that has sustained prices high and I believe these shortages will continue. People still need to heat their homes and if govts are happy to continue sending out stimulus packages then I don't see coal prices going anywhere.

I am good at pointing out quotes, and I will continue to do this. Imagine WHC at $40 in 5 years? It could happen.