It is evident, not by recent bashing, trashing and shorting (looks likes short covering will happen sooner than later) there is strong value here. I wish I would have bought back in 2009 when WLT was this low.
Good for SAC, maybe their support will get others to look at what’s going on.
Audley is certainly not the answer; just look what WLT’s valuation since they got into the mix.
I have a few shares, more than I care to admit, not yet given up but will NOT vote for the Gold Ticket of Audley’s reps.
I’m long and hope SAC can inject some enthusiasm into this company.
You missed the boat in 2009? WLT is a totally different company today. Before the Western blunder their business was good and fairly solid with their operations almost entirely in Alabama. Unfortunately today that is the only portion of their business that remains profitable and is essentially keeping this company afloat. They would be bankrupt without those Alabama mines. BUT WLT today is totally different. They moved the company from Tampa to Alabama and put a new management team inplace. Same Board. WLT now has significantly higher cost operations, lower quality coal, they have issued a boat load of shares, have a mountain of debt, skrinking cash, zero earnings and no accountability.
All decisions that have made under the current management regime.