Walter Energy (WLT -12.2%) hits new decade lows, weighed down in the past week by its decision...


Walter Energy (WLT -12.2%) hits new decade lows, weighed down in the past week by its decision not to proceed with its proposed refinancing, S&P's move to place all ratings on WLT to Credit Watch with negative implications, and the weakening broader market.

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Comments (16)
  • bankeras
    , contributor
    Comments (2) | Send Message
     
    At this point, WLT can only go up......with its cash position and insider buys as signals, it's up up up from here.....
    24 Jun 2013, 10:20 AM Reply Like
  • cfb5006
    , contributor
    Comments (85) | Send Message
     
    People have been saying that since the mid 30s. It's only trading at a slight discount to book.
    24 Jun 2013, 10:32 AM Reply Like
  • rlp2451
    , contributor
    Comments (9533) | Send Message
     
    Famous last words "it can only go up."

     

    If it has such a good cash position, why are they looking to refinance?

     

    I bet those folks who bought in at $17 wish they'd have waited a couple months.
    24 Jun 2013, 11:17 AM Reply Like
  • wil3714
    , contributor
    Comments (2273) | Send Message
     
    so they can pay lower coupon rates, its called retiring debt
    25 Jun 2013, 08:20 AM Reply Like
  • rlp2451
    , contributor
    Comments (9533) | Send Message
     
    Not to mention Obama plans to kill coal with his "greenhouse" speech tomorrow.
    24 Jun 2013, 10:30 AM Reply Like
  • wil3714
    , contributor
    Comments (2273) | Send Message
     
    Whats the alternative to coal? Democrats dont like nat gas because it isnt a renewable energy, otherwise they would of done it by now. Are you referring to the Keystone Pipeline?
    25 Jun 2013, 03:23 AM Reply Like
  • nemonemo
    , contributor
    Comments (337) | Send Message
     
    Speech kills coal. Happens in superhero movies. Not in real life.
    25 Jun 2013, 04:37 AM Reply Like
  • wil3714
    , contributor
    Comments (2273) | Send Message
     
    well coal didnt get killed like your prediction, it did very well with all commodities
    25 Jun 2013, 04:07 PM Reply Like
  • nemonemo
    , contributor
    Comments (337) | Send Message
     
    Its a met coal company which hardly sells anything in Obamaland.
    24 Jun 2013, 10:33 AM Reply Like
  • bajadoc
    , contributor
    Comments (115) | Send Message
     
    How can the news get any worse for WLT except an announcement of Chapter 11? I have owned this "stone in my shoe" since the 50s and bought all the way down. For me, the stock either goes up or I frame the stock certificates and hang in my office to remind me of what a moron I've been!!!!!
    24 Jun 2013, 11:10 AM Reply Like
  • raykrv6a
    , contributor
    Comments (3575) | Send Message
     
    Got my head handed to me a while back on WLT because I bought it for selling calls. Once was enough and took the loss. Glad I didn't average down.
    24 Jun 2013, 11:25 AM Reply Like
  • susieQroger
    , contributor
    Comments (3) | Send Message
     
    If had a time machine, the first thing I would do is un-learn the name Walter Energy. It is the worst stock to ever trade with a massive propensity to the downside and limited upside.

     

    If you want to lose lots of money very quickly I would recommend buying Walter...nothing short of a bonfire (and even then you will at least get some warmth out of it), will do that job faster.
    24 Jun 2013, 12:36 PM Reply Like
  • susieQroger
    , contributor
    Comments (3) | Send Message
     
    I could not agree with you more. It is a dog of all dogs...with a board who have taken it from a position of strength with offers of $120 a share, to a stock that trades at $11 and that no one will touch with a barge pole.

     

    Each leg down is a new low which represent "amazing value"...I thought that from 40 downwards and kept buying out of the money calls when I all I needed was a put.

     

    I too have been a moron, and I have big exposure to the equity which is fast becoming a donut..
    24 Jun 2013, 12:36 PM Reply Like
  • susieQroger
    , contributor
    Comments (3) | Send Message
     
    now trading at 10 bucks...another milestone. Would not shock me to see this name trading in the single digits...its propensity for moves to the downside is like nothing I have ever seen in a public company..
    24 Jun 2013, 12:42 PM Reply Like
  • nemonemo
    , contributor
    Comments (337) | Send Message
     
    WLT is met coal. Sells them mostly abroad. Lot of operations in Canada. How Obuster kills WLT is beyong me.
    24 Jun 2013, 12:49 PM Reply Like
  • rgarm
    , contributor
    Comment (1) | Send Message
     
    It is unfortunate that the company can't attract a better quality board member. Maybe now is the time being acquired by a better managed company?
    24 Jun 2013, 03:25 PM Reply Like
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