Hi Matt - How do you think Core will operate buybacks going forward, once restriction against buybacks gets lifted? Will they be as aggressive as CEIX was?
What could be the benefit of no buybacks by either CEIX or ARCH?
The buybacks can give some share price stability against shorting and negative speculation.
Yes, it can also push the price up if too much but the agreement could have allowed for some buyback . They also are reducing dividends so that is another negative force.
So WTF am I missing here that made those two things to be good decisions?
Hi Matt, any thoughts on WHC's successful sell-down? E.g. what the normalized / adjusted multiple might be and if that could end up being a new value benchmark for the sector?
Hi Matt - How do you think Core will operate buybacks going forward, once restriction against buybacks gets lifted? Will they be as aggressive as CEIX was?
What could be the benefit of no buybacks by either CEIX or ARCH?
The buybacks can give some share price stability against shorting and negative speculation.
Yes, it can also push the price up if too much but the agreement could have allowed for some buyback . They also are reducing dividends so that is another negative force.
So WTF am I missing here that made those two things to be good decisions?
Scale. You’re missing scale.
Hi Matt, any thoughts on WHC's successful sell-down? E.g. what the normalized / adjusted multiple might be and if that could end up being a new value benchmark for the sector?
Thought it justified the price paid, but as to adj multiple no idea if it has a meaningful influence going forward…