Dahlman Rose & Co. Encouraged By Arch Coal - Albertsons Companies (NYSE:ACI)

27% profit every 20 days?

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Arch Coal, Inc. (NYSE: ACI) reported 3Q10 adjusted EBITDA of $201MM “versus our forecast and consensus of $191MM and $201MM, respectively,” Dahlman Rose & Co. reports.“We are encouraged by strong cost control and solid output from Arch's PRB and Western Bituminous operations during the quarter,” Dahlman Rose & Co. writes. “Looking forward 2011 performance will depend heavily on this cost control as well as the company's ability to move its lower-quality metallurgical coal products out of Central Appalachia.”Dahlman Rose & Co. reiterates its Buy rating and adjusts its price target to $34 from $35 previously.Arch Coal closed Friday at $24.59.

27% profit every 20 days?

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