Mark Mansfield

Cramer's Mad Money - Cramer's Day of Atonement (9/28/09)

Cramer recommended CIT yesterday on thestreet.com... disgusting and irresponsible.

Overbought Stocks (7/21/09)

Throw WLT on that list... approximately 35% above its 50d.

Equity Markets, Earnings Looking Good; Stage Set for Another Upside Leg?

I find it stunning the extent to which the WLL common seems to have rallied as of late despite a little give back from earnings positive competitor such as XTO today.

Walter Energy: Overvalued and Overbought

They beat on EPS fairly handedly (though certainly down significantly y/y as would be expected), AH trading in the stock is pretty much nonexistant. We will have to see tomorrow whether the beat was enough to justify the recent run and move the stock higher or whether after this extended move folks sell the news. Should also be interesting to see if the analyst community has any reaction.

Walter Energy: Overvalued and Overbought

Nice!

Walter Energy: Overvalued and Overbought

Thanks for the nice comments guys. And thanks for the additional insight Intuitive Mgmt... The acquisition risk has been rumored since the spring of last year, it is certainly always possible. Long ANR / short WLT has worked since the writing of this article, but of course earnings on WLT are tomorrow afternoon, so it will be interesting to see how WLT reacts to that. We could see a sell the news given the recent run, but of course if there is a significant beat and guide higher, WLT may well trade up. We'll see tomorrow afternoon!

Walter Energy: Overvalued and Overbought

Yes... Looks like today the ANR long/WLT short would have been a nice trade. Met coal demand will remain depressed as long as steel demand remains depressed. I believe some of the optimism that we are seeing out there in relation to China materials demand may be overdone. However regardless of whether I am right or wrong in that regard, WLT trades at an excessive valuation to its peers.

Citibank's Problems Are Far from Over

Long XLF/Long FAZ may not be as bad an idea as it sounds. FAZ has a much broader exposure to financials than does XLF. XLF is more dominated by the money center banks. FAZ is the Russel 1000 financials and would include regional exposure which is in even more trouble than the money center banks. An even better trade might be to go long EXB and short KRE. That certainly would have been a nice trade on Friday where you saw EXB up by over 2% and KRE down by over 4%.

Stop Pointing the Finger at CIT; It's the Economy, Stupid!

Well said... how it is that the financial media decided this week that everything is cominig up roses, whereas last week the world was coming to an end I can't figure.

Matrixx Initiatives: A Critical Test of Crisis Management

Yes, they certainly did make a settlement, but in all the cases that did see their day in court MTXX was victorious.That being said you are right, there is plenty of risk here if the legal battles don't work out in MTXX favor, particularly given the size of MTXX.

Walter Industries Is Smoking out Its Peers

Looks to be acting more "normal" today.

Walter Industries Is Smoking out Its Peers

I've shorted the stock, but I have to admit that hasn't been an easy trade. Probably should have jumped out on some of those trips to the 35s, but we'll see. While the green on Friday in a terrible market day is compelling, the volume was nothing impressive and the options haven't shown much activity at all. Without those "tells" it seems unlikely to me that a merger is around the corner. I guess we will see next week if this stock joins the rest to the downside or continues to defy the odds.

Walter Industries Is Smoking out Its Peers

Without the short of news of which you are hoping for it is well possible that this stock could come crashing back to Earth next week. I would agree that the outperformance was very strange, but it did receive a few upgrades on Wednesday, was featured in a street.com technical take, and is an IBD top 100 stock. However if the reflation trade is indeed over, which the market is certainly beginning to suggest is the case, this stock will start to sink along with all commodities related plays. Don't forget during the last reflation trade stumble on 6/22 this stock dropped to below 30. Tread with caution on this one.