Author Topic: Walter Energy (WLT)  (Read 956 times)

steadygrowth272

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Walter Energy (WLT)
« on: October 27, 2014, 01:28:48 PM »
Has anyone followed the developments on this company?  Trading at $2.17 a share.  Has been a bad year for the company.  I am just wondering if anyone has followed the recent past of this stock.

BarkyardBQ

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Re: Walter Energy (WLT)
« Reply #1 on: October 27, 2014, 01:33:03 PM »
Looks like a 4 year decline from its peak...
« Last Edit: October 27, 2014, 01:48:13 PM by zdravé »

KingCoin

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Re: Walter Energy (WLT)
« Reply #2 on: October 27, 2014, 06:50:11 PM »
It's a high probability bankruptcy. To put things in context, their unsecured debt is trading at 28c on the dollar.

Ditto ACI and ANR. The coal industry needs to go through a major restructuring barring a serious spike in met coal prices. The equity in these companies is essentially an out of the money option on a turnaround. If you insist on investing in the coal space, I'd do it through 1st lien debt or a less dirty shirt like BTU.