Sell Coal Bonds With Huge Yields Before It’s Too Late, Says Analyst

Lest you be tempted by bonds with current yields of 40% or more, analyst Matthew Farwell of Imperial Capital put out a note Wednesday lowering his ratings on the  loans and securities of coal producer Alpha Natural Resources (ANR) to Sell and Underperform. For example, he recommends investors sell ANR’s 9.75% senior unsecured notes. He quotes [...]