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Walter Energy, Inc. Common Stoc Message Board

  • lillydodie lillydodie Nov 3, 2011 4:41 PM Flag

    Chev read this

    Chev as you know the market looks ahead not back. The 3rd qtr was the bottom. The 4th's projections are actually pretty good. Basically the same revenue but almost twice the EPS becuase they getting production costs (especially one time costs) under control.

    Here's the real key (and I could tell some analysts on the call were amazed and asked them to repeat it) next year 2012 they predict 13 to 14 mil tons of met coal versus 9 mil in 2011. With costs under control and fixed costs only counted once do you knwo how much is going to fall to the bottonline. I coudl see them making $14 to $15 EPS.

    And the final kicker becuase their coal is so pure they have it all under long term contracts so they are not subject to the spot market. When you have a quality product customers are willing to lock in prices. Demand isn't the issue. Production has been and it seems liek they are starting to win the battle

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