Walter Energy, Inc. Message Board
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who is large enough to but WLT is the key
Dont see ANR doing anything after Massey as the debt load would be an issue. Assets in the ground do not make interest payments. RIO & BHP I can see or even MT which would make sense for them.
Dont discount MT pairing with someone in the filed like they are with BTU (Peabody).
Hope it stays where it is at for a couple of weeks to accumulate-
I agree, don't think ANR is in position to do anything after the MEE acquisition and all the ancillary problems that keep cropping up from MEE's past problems. WLT has the BEST type of Met coal, which should put that company at a premium. At their current market cap, they would be an easy buyout. The WLT CEO resigning reminds me of the MEE CEO resigning, just before MEE agreed to be bought. Could be the WLT CEO didn't want to be acquired while the Board is open to that. This one could fall but in a year, it will be higher than where it is today, IMHO.
- 1 Reply to richardelarson47
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I think the buyer is going to be big...It doesn't take too much for any big name miner, steel, coal, or integrated materials company to come in here and swoop them up with the upheaval of the board. If I was on the board and 2 CEO's had resigned because they wanted to bring a vision for a long term success story or get paid big by selling out top assets...I would probably take the big check and move on, especially before taxes are raised with Obama in charge.
What happened to the MEE Ceo...did he resign after all the mishaps at there mines and then they got scooped up right?
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don't think it will be long before we see who is first in line, could be bidding war between a couple of them.
- 1 Reply to jockne
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even at the current price i am thinking of buying a little more. anyone disagree with that thinking?
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