With coal prices being steady now, Patriot has no reason to go down. This one went down to much and it is a play on coal at a rock bottom valuation. It is a buy, no matter what the stock does.
Why? The answer is simple, the german real estate family Otto made an investment not long ago. As everyone now knows the state of the economy , the Otto family would be stupid to make a bad investment...
People will continue to need oil. Oil will stabilize, producers wont allow it to go to low, to protect new projects. This services company will continue to make money and grow and has been absolutely slaughtered...
Fear is very prominent in the market and the market does not care about fundamentals. When there is blood on the streets you buy the best companies for the coming years.