RE: RE: RE: WJX in the tank because..?? 2012 turned out to be a strong year and things are cooling off. Never should have been close to $50, analysts calling for that price were booking in unreasonable sales growth expectations. Amazing how they come to a story late, pump it and then disappear.
I sold most 3/4 of my position (Which I aquired in the mid 20's) above $48 last summer. Still hold 1/4 of the position and the other day my broker called to recommend selling it - But I'm looking for an entry point again. Its a quality company but volitile based on its end markets and sensitivity to commodites and energy. If you can get a handle on how the company is valued relative to its sector and its relationship to commodities / energy markets its an easy trade.
GLTA