Coal...yes it always happens ..I say stick to your knitting...

Coal...yes it always happens ..I say stick to your knitting ..the technology you understand....It may be called vertical and horizontal integration...it's more often than not using up capital to give lower returns on overall capital....Like tobacco's journey into movies for advertising ..they got wise and got out of movies!!!
Good businesses teaches you to stick to what you are good at...in WHC's case it's mining coal...Black Gold.
Shippers compete for business to get the best price for shipping..etc
Just produce coal at the cheapest cost should be WHC's mission...we are not in the business of creating business empires ..just the best and most profitable return on capital for coal produced at the lowest volume/ cost...Growing Revenue is not necessarily a measure of the most profitable growth if the cost of revenue growth reduces the return on capital employed and if capital is absorbed by building other less profitable ventures !!!
The Ego of directors is always for growth..often more "Costly Growth" reducing the return on capital...bigger is not always better.."growing a zoo of businesses" ..more often than not reduces the return on capital employed.
It is not revenue growth ...but the return on capital employed that is the real measure of Good Management ,Good Economics and Good Dividends and a strong and growing share price.
All the Best to All.