Timing can be everything. It certainly made a difference when CONSOL Energy (NYSE:CEIX) completed its spin-off from CNX Resources, which was confusingly previously named CONSOL Energy. The new spin-off is flying under the same flag, but it took all of the former parent company’s coal assets. With the American coal industry experiencing an awakening of sorts, the stock has jumped nearly 50% since relisting.
The sudden appreciation in value could mean any number of things. Perhaps CONSOL Energy was undervalued at the time of its spin-off. Perhaps it earned a higher valuation, or has....More>>>