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Update: My Key Takeaway From Arch Coal's Q4 Report

Shares of Arch Coal (NYSE: ACI) have recently been under tremendous pressure. The company's shares dived under the $1 mark and the chart looked ugly. Previously, I stated that there was little risk of bankruptcy for Arch Coal in the next 2-3 years. However, my suspicions increased as Arch Coal's stock declined day after day. Today, Arch Coal reported its fourth quarter earnings. The worst fears did not come true, and the company's results were decent given the current coal price…