Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese coal miner Yanzhou Coal Mining
So what: Driven by voracious domestic demand, Yanzhou's third-quarter earnings more than tripled from a year earlier, to $553 million. According to data from the China Coal Transport and Distribution Association, coal prices in China soared 28% percent in the quarter.
Now what: Yanzhou's Chinese exposure has certainly given its stock plenty of pop, but I'd use today's run-up to take some dough off the table. Over the past two years, Yanzhou is up a whopping 500%, while American coal counterparts Peabody
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