Arch Coal, Inc. (ACI 17.47 NYSE – yield 2.10%) engages in the production and sale of steam and metallurgical coal from surface and underground mines to power plants, steel mills and industrial facilities in the United States. As of December 31, 2008, the company operated 20 active mines, and owned or controlled approximately 2.8 billion tons of reserves. Founded in 1969 and headquartered in St. Louis, Missouri, the company’s stock increased 560% over five years up until June 2008. They reported net income of $30.6 million, or $0.21 per share, for the three months ended March 31, and recently reported a quarterly dividend of $0.09 per share.
Dan Sullivan, The Chartist
