These are hard times for coal mines, and some companies are struggling to get rid of their coal assets.
It's a rough time to be in the coal business these days. One company just gave up on trying to sell some of its coal holdings after it failed to find a buyer. This doesn't bode well for others in that space.
A stranded asset is something that is worth less on the market than it is on a balance sheet. Could that be what's happening to coal? Watch this video to hear more about what's going on with this ubiquitous fuel source.
Sara Murphy has no position in any stocks mentioned. Follow her on Twitter @SMurphSmiles. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
