Have you seen their balance sheet and EPS? China built Ghost Towns with Walters help and Obama's EPA will put all of coal out of business. You thought with nat gas at multi-year highs that coal would rebound. Walter should have bought a nat gas company two years ago when the had the cash and nat gas was at lows. It's not rocket science Exxon Mobil did it got criticized and now look like a genious.
No, I never checked out their balance sheet. I heard this being pumped on Jim Cramer and multiple websites so I checked it out and also rumor is Buffett might buy company. I don't buy stocks on buy out rumors I am just saying that is what I am reading
beside sentiment for any commodity being extremely negative, read the press release issued by the Board of Walter this morning. Ample liquidity. Audley is really hurting this stock right now. After next week's meeting, this should subside and the stock should reverse.
It's not Audley it's failed management that sat around paying themselves for two years while their company has collapsed and now they are finally speaking telling investors everything is fine. Are you watching the trade? Do you believe everything is fine?