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.
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.
(Market Call Minute.) In the world that is awash in oil and gas, why buy coal. Stocks are headed south.
Walter Energy is a OTC stock, trading under the symbol WLT-N on the (). It is usually referred to as or WLT-N
In the last year, there was no coverage of Walter Energy published on Stockchase.
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In the last year 0 stock analysts on Stockchase covered Walter Energy. The stock is worth watching.
On , Walter Energy (WLT-N) stock closed at a price of $.
The loss from the first quarter will be double in the second quarter. The whole sector is being decimated. TCK has a much better balance sheet. It is a pure play on Met Coal. This is a risky one.