Dallas, Texas 08/28/2014 (FINANCIALSTRENDS) – Arch Coal Inc (NYSE:ACI) the 4675.05 million market cap coal producer has been marching forward briskly in the new quarter, putting behind a loss-making previous quarter.
Much of the share prices that the stock had lost, from the date of the second quarter results announcement in July 29, are now slowing being regained.
While several factors are contributing to the revisionary scales, the key factor was the focus it held on cost control.
Therefore, the firmer and more control on operations have definitely led the company to gain traction towards the end of the second quarter.
Arch Coal Inc (NYSE:ACI) in fact, reported better results in the second quarter than what was previously expected from it.
All senor bonds that the company offered are definitely attractive and have been avenues for more funding from investors.
The increase in momentum has been allowing the company more elbow room to face and overcome the various industry challenges and drive the upturn.
However, the bottom line remains that Arch Coal Inc (NYSE:ACI) needs and requires a good financial backer. Therefore, the key step forward is to either debt-free funds or forge partnerships, work scope with such of the players where the credit support would be strong enough to step out of the current high cost debts.
Separately, the company has been in the public eye, through its multi-state environment award, won by subsidiary Vindex Energy.
Given the current disciplined control on operations, the second half is expected to meet expectations. If the financial reprogramming package finds its way to ACi coffers, then there is no stopping it from inching out a few profits.