Investor Asks SunCoke to Sell if it Cannot Show Growth

- February 23rd, 2015

Mining Weekly reported that hedge fund Jet Capital Investors LP, SunCokeEnergy Inc.’s (NYSE:SXC) third-largest shareholder, has asked SunCoke to either show a chart of growth or sell itself.

Mining Weekly reported that hedge fund Jet Capital Investors LP, SunCokeEnergy Inc.’s (NYSE:SXC) third-largest shareholder, has asked SunCoke to either show a chart of growth or sell itself.

As quoted in the market news:

Shares of SunCoke Energy, whose coke is used in steel making, rose as much as 6.5% on Friday. The company was valued at $1.14-billion at Thursday’s closing price.

Mathew Mark, a general partner at Jet Capital, stated:

Execution on growth initiatives has been virtually non-existent with not a single acquisition completed in 2014.

Given the failures of 2014, the market currently ascribes zero growth in perpetuity to SunCoke, and zero value to its advantaged GP/LP structure.

Click here for the full Mining Weekly report

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Tags

Tags:

Leave a Reply