But just add tax at 30% and the P/E ratio is 3x at current coal prices.
But I think the topic of this thread is important. It is almost certain there is an acquisition in the pipeline. There is absolutely no need for nhc to raise $200 million via a convertible note when they are generating that much cash in 3 months. And they have minimal debt.
nobody knows when an announcement will come, but it is just a matter of time.
NHC Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
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