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Walter Energy, Inc. Message Board

  • zevxis450 zevxis450 Sep 20, 2013 6:03 PM Flag

    what's with the volume spike at the day's end?

    wouldn't indicate dilution, except maybe the offering was north of current PPS...anybody?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • the volume indicates trades, both sells and buys. So we have lots of people willing to gamble that wlt is a buy and lots of those wanting out, hence the trades. They are raising another 450 million in debt to repay older debt about to come due. They are paying 9.5% interest on that debt. Some people think its a good sign they can get their hands on money to ride this out and hopefully turn things around before going into bankruptcy....and some people think its more debt, and its just a rob peter to pay paul, and the signs of a dying company. Hence the trades. Since that pop yesterday on the fed not raising rates....wlt has given back almost $2 bucks....over 10%. Anyone holding this stock before now....is a loser. Shorts have been winners. But the past does not indicate future performance. Make your own bet. Good Luck.

 
WLT
3.02+0.08(+2.72%)Sep 19 4:05 PMEDT

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