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What: Shares of Patriot Coal
So what: Shares of coal companies like Patriot, Arch Coal
Now what: Coal is still a foundation of energy production in the U.S. and emerging markets like China. Shares of most coal producers have fallen sharply in recent months as concerns about the U.S. economy's growth, as well as Europe and Asia, weigh on investor's minds. The question is: How far can shares fall before they bottom?
Today looks a lot like a dead cat bounce after yesterday's drop, but I think there's starting to be some value in coal shares after the long fall.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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