PE

Check out this image from Bespoke Investment Group.

This is exactly something I keep pointing out about a lot of coal stocks out there.

Either earnings estimates are still way too high, or many of these stocks are trading at values of a lifetime. Just looking at the top three stocks on the list (GNW, X, CF), even if their '09 earnings come in at half of current estimates, at current prices their P/Es would still be less than five.

Lets see how these earnings play out in the future!

Also, spot coal prices have inched down a bit. Will they follow the trend of the coal stocks?