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Walter Energy Inc WLT



NYSE:WLT - Post by User

Post by JBBmineron Jun 28, 2012 10:19pm
239 Views
Post# 20066850

wlt

wlt

Well, I am starting to warm up to the new leadership over at wlt.  It seems they have continued to develop their mines in the north and just keep humming away down in bama.  2.8MT this quarter is pretty good, pricing could be better.  Love the value on the puts right now, this thing could go to the mid 30's but it's pretty much at fire sale already.  Key thing will be to watch their cash positions for if it drops then heavy dilution will be coming to get out of all that debt.   Wouldn't be the first time for these mines I tell you!  Not yet a full bull here, but picking away at some value.  JMHO

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