Post by
vipian01 on Oct 02, 2014 10:56am
little downside at this price 2.35
Rarely do opportunities present themselves in such modest price range .
wlt does have at least 3 qtrs of cash and has no reason to go bankrupt what it does prove though is that the market i s depressed and until coal prices increase most coal producers will either stockpile or stop producing at inefficient mines.
Will it be a take over tarket, It doesnt have to be as its assets will go up for sale prior to it going bankrupt but more importantly is the world going to stop producing steel
The answer is simple , if you believe in the demand for products made of steel then the wlts of the world will either be their partner or their target The rumors today simply point out that the shorts are getting geared up to depart and it could be a quick exist in the short term vs the long term , great opportunity with stops to take a quick gain .