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Analog Devices, Inc. Message Board

  • dannynguyen76 dannynguyen76 Mar 20, 2014 12:42 PM Flag

    WLT -17% today

    Is it time to add more?

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    • Danny,

      I read the news carefully about Walter Energy Prices $200 Million Offering of Senior Secured Notes and $350 Million Offering of Senior Secured Second Lien PIK Toggle Notes
      I thought they did it in 2012 for nearly $1B and that would not expire any time soon. Why they wanted to do again in 2014 (believe this time it is secured to 2019)? I don't understand the strategy of this company.

      Say last year they loss 5.7s/sh. The stock sank from 28s to 7.5s. They only has 63M shares. I think it is undervalue.

      But I think MMs is not done yet. So, I say we collect small lots, but not too agressive yet.

      Take care,

55.69+0.75(+1.37%)Oct 2 3:59 PMEDT