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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Warrior Met Coal is a pure-play mining company that extracts premium metallurgical coal from underground mines in Alabama for export to global blast-furnace steel manufacturers. Black Bear holds...
— Adam Schwartz
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Other investors who've written on Warrior Met Coal, Inc.
Warrior Met Coal is a United States mining company dedicated to extracting high-grade metallurgical coal, which serves as a vital non-energy input in global blast-furnace steel manufacturing, accounting for 8.0% of the portfolio. The manager takes...
The manager chose to exit Warrior Met Coal due to its 99% export-reliant revenue model, which is highly vulnerable to Chinese retaliatory trade tariffs. Although it has...
Warrior Met Coal fits the fund's investment thesis of targeting low-cost, debt-free metallurgical coal operators. These businesses enjoy...