Although the price of coal is unfortunately up compared to historical levels, I found it interesting that the financial website Motley Fool singled Massey Energy out as a risky investment. To wit:
"Of all the deep-value prospects within the embattled coal-mining sector, I would not list Massey among my top picks. Given allegations of environmental transgressions and legal battles over the company's practice of mountaintop removal, I believe Massey is an easy target for potential regulatory changes. Furthermore, the company's $250 million settlement of another court case drained substantial liquidity at a most inopportune time."
I certainly hope the economy improves soon, but I can only wish the same dismal financial forecast for every coal company that is ravaging Appalachia by mountaintop removal.