Michael Tokarz, a Director of coal company Walter Energy (NYSE:WLT), bought 25,000 shares of company stock for $475,000. Walter Energy produces and exports metallurgical coal for the global steel industry, but also produces steam coal, coal bed methane gas, and metallurgical coke. This is Tokarz's third purchase of company stock since April 29. Due in part to the decline in the price of metals, the company reported on May 2 that earnings fell by 40% in the first quarter of 2013. The company's stock price is down 47.46% YTD, and it is down 69.39% since this time last year.