Goldman Sachs continues to view Sell-rated Walter Energy (WLT -2.3%) as overvalued even after Q4...

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

Goldman Sachs continues to view Sell-rated Walter Energy (WLT -2.3%) as overvalued even after Q4 results sent shares tumbling 11%; WLT has missed consensus EBITDA estimates in six of the past eight quarters. The firm needs to see better execution in Canada, sharply higher met coal prices, and improved financial flexibility via restructuring or finding a partner to fund its growth projects.