$CRSXF — Corsa Coal (Updated)

We are buying Corsa Coal, which currently sports a betting edge of 9% and a discount to expected value of 22%. Corsa has closed >3σ from its expected value for two consecutive days, which occurs <4% of the time in this issue. Its expected value is ~$0.27.

Update, 3/19/2024

Corsa Coal extends decline and advantage betting edge rises to a whopping 13%.


Well, simply, diluted earnings is US$0.22. You don’t see that too often. It’s a neat little met-coal play. Keep in mind, the bulk of this nation’s coal exports is through the Port of Baltimore.

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