Just finished writing a detailed analysis of ADES
in which I talk about the growing demand for refined coal both in the United States, and more importantly Southeast Asia. ADES
is sitting on loads of cash, its turning around its cash from operations, and has a solid catalyst in its chemicals business that puts it ahead of the industry. Using DCF
it has a fair value of around $22/share when using the average EPS
over the last four years.
The technicals aren't great, but I like the support level
and am looking for a bounce from support.
Check out my post if you're interested, and please, leave feedback if my analysis is missing something or if I am overlooking anything: https://rockvuecapital.wordpress.com/2018/02/03/mispriced-coal/