Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Coal -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (202)	1/3/2006 9:06:08 PM
From: Spekulatius	Read Replies (3) \| Respond to of 2031

re ICO, it seems that the number of safety violations for the mine has tripped from Y2004 and Y2005 and some of them were considered serious. i also hear that the total incident rate (per hour worked) was 3x the national average. All this points to substantial shortcoming in terms of safety which will (and should IMO) not without consequences for the operator. I have looked at ICO as a potential value after the recent weakness but compared to the larger companies like BTO and CNX it looks like ICO is more expensive based on common valuation metrics like PE, EV/EBITDA, P/S, US$/ton of coal etc. I don't find a compelling case to buy this stock based on these metrics and think an investor would be better off (even when discounting the current disaster buying the larger peers.