On the fast money show on CNBC today one of the contributors talked about a rumour about a possible takeout of WLT. this was based on the fact that the CEO of WLT pulled out last minute of a big Goldman Sachs conference citing "scheduling conflicts" . this was unusual because 1) the Goldman conference was a big deal and they didn't even send another director. 2) this was planned and booked months in advance and there is no evidence of any other 'events' he needed to attend.
so the question is 'why did he pull out, and why was no one else available to represent WLT at this conference?'
What could need the attention of every member of the board? they were speculating it was the negotiation/offer of a buyout.
the action on WLT(particularly after hours) confirms this rumour.
this was a takeout candidate at $150, how much more so at $60ish.
i don't need to point out to the members of this board exactly how bullish this would be for other coking coal producers.