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 !
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.
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.