Opinions
The Panic-Proof Portfolio (Stockchase Research)
AMR Corporation
AMR-N
TOP PICK
Oct 22, 2024
N/A
Stock price when the opinion was issued
Transportation
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managing and tracking your investments.
AMR operates 19 mines in the US Virginias, where the coal produced is used for steel production. Despite challenges within the economy, management believes production will finish on the higher end of guidance. The company is building cash reserves, while aggressively buying back shares and retiring debt. It trades at 6x earnings, 1.6x book and supports a 28% ROE. We recommend setting a stop-loss at $140, looking to achieve $264 -- upside of 28%. Yield 0.5%
(Analysts’ price target is $332.00)