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Walter Energy, Inc. Message Board

  • cxjxsx cxjxsx Apr 9, 2013 2:43 PM Flag

    All must eventualy go !

    If you have been following WLT you know they have been borrowing and buying for some time.
    The fact that they got involved with a "hedge fund" proves of their inability to make sound decisions.
    I dont know if this is the time, but probibly most if not all of the existiog board should GO !

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    • Wow! So they get involved with a hedge fund so they will buy shares and move the stock up. If you are long it seems like a good idea. This way I have the opportunity to sell for more with the result being that I lose less money. Do not think it will ever get back to 130.

      • 1 Reply to happyperson_1
      • Hedge funds also sell it down by shorting, some call them "gambling funds".
        Not likely to get over $100. structured as they are. Too much debt.
        The economy needs to recover to where more steel making is needed.
        So it looks like we're out of luck for a while as far as company profet is concerned,
        but the stock price right now is attractive.

 
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