Consol Energy: A Deep Value Play With Enhanced Fundamentals

My previous article on CONSOL Energy Inc. (NYSE:CEIX) was circulated March this year, when I outlined a very bullish thesis on this stock. The investment thesis was simple and consisted of the following building blocks: Extremely depressed valuation at a level that is indicative of a business closure in a near to medium-term. Negative financial leverage, meaning that the Company's financial risk (stemming from the debt side) is almost non-existent. Positive growth in the underlying cash generation, with cle ...