MEE vs. JRCC
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dark Mon Feb 27, 2006 3:47 am    

MEE vs. JRCC 
I read Blast's analysis on JRCC. You can read Blast's analysis on JRCC at http://www.blastinvest.com/value-investing-newsletter/06_08_2005.htm

However, after reading through MEE's SEC filings, I feel MEE is of better value than JRCC.

1. Its enterprise value/EBITDA is less than 9.
2. Its cost per ton of coal is projected at $36-39 while its projected achieved price per ton is $50+.
3. MEE is a much larger company, and thus may provide better diversification through its many locations of mines.

These numbers seem to be better than JRCC.

Please share your thoughts. Thank you.
 
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