Thanks for your heads up. Its silly uniformed posts like this that want to get me to research what's going on at WLT and the rest of the coal stocks. Actually, this seems to be an unbelievable buying opportunity for CNX. Coal demand from Japan and China is actually rising!! China demand will not peak until 2030. With the upswing in the US economy as well as Brazil, India, Russia, China and Japan, this will boost the demand for steel, iron ore and met coal above where it's projected now. BTW Walter Energy simply retracted it's refinance of some existing debt since the terms were no longer attractive. WLT doesn't have to pay down any debt for 2 years!! It is prudently re-evaluating refi options.
I am loading up on CNX and BTU and a little in WLT thanks to your post.