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Walter Energy (WLT -17.4%) Q2 earnings came in below estimates, as margins were hit by...

Walter Energy (WLT -17.4%) Q2 earnings came in below estimates, as margins were hit by acquisition-related costs and slumping coal volumes. Worsening matters, the company has cut back on the amount of information it provides in its financial reports, making it difficult to determine the exact cause of the quarter's miss.

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Comments (2)
  • George Chadwick
    , contributor
    Comments (87) | Send Message
     
    Class action lawsuit imminent IMO. I see no earnings warnings over the past month.
    4 Aug 2011, 11:42 AM Reply Like
  • rothyman
    , contributor
    Comments (126) | Send Message
     
    Funny all the WLT bulls were preaching that it was worth over $160 not less than 2 weeks ago. I almost feel bad, being that I was one of them. Fortunately I got out @ 122 and thought I got screwed.. lol
    4 Aug 2011, 01:25 PM Reply Like
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