Buy AMR by Jul 10, 2031.

AMR (Alpha Metallurgical Resources) - thesis on a possible re-rate from depressed ROE, curious what people think Been working on a thesis for AMR and wanted to put it out there. Right now it’s trading at a price to book of about 1.24x, and ROE is sitting around -2%, so clearly we’re in a down cycle for met coal. My thinking is that P/B on its own doesn’t tell you much here because it’s being priced off a depressed, cyclically …