Opinions
Jon Vialoux
Walter Energy
WLT-N
BUY
Jan 03, 2014
$15.980
Stock price when the opinion was issued
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When you are in a good market, you want to own stocks that are participating in the current market strength. You only get these from time to time. This company is in the wrong industry right now. If you were to see coal start to turn and shares start to behave a little better, you could take another look. Feels the commodity cycle ended about 18 months ago.
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We are approaching the period of seasonal strength for energy. This is one of the top 3 sectors in the 1st quarter. It tends to gain 20% on average between now and June. Chart shows a bit of a base building pattern, double bottom, and has broken above its 200 day moving average. This looks quite optimistic here.