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  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
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      "text": "Stock Repurchase Program Not As Friendly As It Appears; Used Mainly So That Management Can Sell Stock",
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      "text": "Cash Flow Mostly Through Tax Refunds While The Cash Flow Statement Masks Core Cash Flow Challenges",
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      "text": "Follow-The-Money Evidence of Substantial Insider Stock Sales Absent Required SEC Form 4 Filings",
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      "text": "share price downside: 40% - 60%",
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      "text": "AMR trades at an unjust premium for what we believe are lower quality coal operations and assets. We believe it should trade at a discount...",
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      "text": "The CFO has a poor track record with share repurchases. The last repurchase conducted in Sept 2017 was well-timed ahead of the prior industry correction...",
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      "text": "Coal mining is a capital intensive business, yet AMR's management is not held accountable to any measure of return on capital...",
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