In general agree WTI at $65 supports a price range of $3 to $5. I think we'll move back above $2 in the near term (maybe this week if WTI keep going up?).
Due for a spike. May not happen today or even this week, but I smell a move back to $2.00 in the near term.
They now have about $75 million in capacity. Still think it makes sense to buy in some bonds at 50 cents on the dollar. Won't get those type of returns with the drill bit.
Hope your right. A pull back before it move higher wouldn't suprise me. This said, its really moving up with a lot of momemtum. The high volume implies a change in direction (up). Crossing $5 and the backing of George Soro will get on a lot more peoples radars. Closing the ABL might be all she needs to hit $6 or $7 next week.
ABL will close next week, ethonaol margins are up, coal prices are up (met coal inparticular), building materials business has stablized and HW said it got some large ash sales contracts. Just to name a few. $7 appears to be possible near term. Just my opinion.
I think the closing of the ABL will be announced after the close. On Monday? Its hard to say, but it seems like it would spike up. $6 or $7?, who knows. Success feeds on itself.
High volume and upward movement imply something "is up". My guess is they may close the ABL today or Monday.
Feels like it may move over $5 today.
Just a guess.
light sell off given the run up. Other material and energy stocks moved up today. The sectors that HW is in continue to immprove.
I still think it will spike to $5 when the ABL closes in the next few days.
Just my opinion.
Wedbesh, the most negative analyst who supported the shorts, moved his new target from $2.50 up to $5. Things they are a changing.
?? The company reported earnings. S&P did a 2X upgrade and the biggest anaylst supporter of a short position (wabash) threw in the towel (today). No news? If you read the ticker, you'll see a lot of news.
Wabash supported the short view of HW. Its move shows its abandoned the idea> There are still almost 3 million short shares which will need to cover. Lots of fuel.
Closed AH at $4.46 (up 15 cents from close). Online WSJ has a small article what mentions HW. If paper WSJ has article in the morning, it should add more fuel to the HW fire.
Lens, with a 2X upgrade by S&P today and the continued coverage of Soros purchase, I'm thinking we'll see $5 by Friday and $7 when ABL closes. What your call?
Just my opinion.
Lens, EBITDA for the year was over $100 million. Interest expense is about $40 million. That means cash earnings were about $1/share (assume 60 million shares). The market "stunk" in 2009. All the gap charges don't impact cash. A 10 muliple put HW at $10/share. Add recovering market and its at $20. What'sou math show?
upon the preliminary financial results of our fourth fiscal quarter ended September 30, 2009, we estimate that revenues for the quarter were between $185 million and $190 million and EBITDA (as defined under “Summary Financial and Operating Data”) was between $27 million and $32 million. For the quarter ended September 30, 2009 Headwaters Building Products (“HBP”) contributed approximately 49% of revenues, Headwaters Resources (“HRI”) contributed approximately 43% of revenues and Headwaters Energy Services (“HES”) contributed approximately 8% of revenues. Based upon these preliminary financial results we expect revenues for our fiscal year ended September 30, 2009 to be between $664 million and $669 million and EBITDA to be between $103 million and $108 million. We estimate that we had total indebtedness of $456.3 million and cash and cash equivalents of $15.9 million at September 30, 2009. We repaid $34.5 million of our senior secured first lien term loan (“Term Loan”) and $5.0 million of our revolving credit facility under our existing senior secured credit facility (“Existing Revolver”) in the quarter ended September 30, 2009 and had no additional borrowings from our Existing Revolver during that quarter
200,000 shares purchased in 10 minutes a few minutes ago and push her past $4. Makes it feel like she could "short squeeze" up to $5 really fast. If the 200K shares come from a big buyer, I get they are not done.
Just my opinion.