Walter Energy has two main problems: debt and low met coal prices. According to Walter Energy's estimates, interest expense for this year will total $310 million, of which $265 million will be in cash, down from the previous estimate of $285 million in cash. Next year, cash interest expense is going to increase. This will happen because Walter Energy refinanced its debt this year several times, and the new rates were higher than the previous ones. I think that Walter Energy's 2015 cash interest expense will be at least $285 million. For the next 3 years, interest expense is the only problem that Walter Energy would have to deal with on the debt side. The first major debt repayment is scheduled for 2018, when the company will have to repay its term loan B of $978 million. However, short term agenda dominates Walter Energy's story, and 2018 is just too far away to consider. First, Walter Energy must get there as a going concern.
I am calling BS : WHERE IS A LINK TO THAT "ARTICLE" Walter Energy Seen Filing for Bankruptcy in 2015: BB&T
By Arie Shapira
Dec. 2 (Bloomberg)
After the phase 1-3 trials:
"New Drug Application (NDA)--This is the formal step a drug sponsor takes to ask that the FDA consider approving a new drug for marketing in the United States. An NDA includes all animal and human data and analyses of the data, as well as information about how the drug behaves in the body and how it is manufactured.Application Reviewed Icon
When an NDA comes in, the FDA has 60 days to decide whether to file it so that it can be reviewed. The FDA can refuse to file an application that is incomplete. For example, some required studies may be missing. In accordance with the Prescription Drug User Fee Act (PDUFA), the FDA's Center for Drug Evaluation and Research (CDER) expects to review and act on at least 90 percent of NDAs for standard drugs no later than 10 months after the applications are received. The review goal is six months for priority drugs."
This sonofabitch should be in jail. He's been hyping PANW for months, sucking all the little guys in at the top, screaming how this cyber-security company was "best in breed." And now that we've all committed our cash to buying shares of this company, he comes on on a Friday night without warning and after the market is closed and hits the stock with a "Time to sell" command, driving the share price down in after-hours trading by four dollars in a nano-second and wiping out everybody's profits who got in over the last few weeks while he was still hitting the "Buy, Buy, Buy" button. No doubt, Cramer and his buddies must have started shorting the stock at the $108 level it reached today, just before he came on the air to tell everyone that the stock had gone up too far and "pigs get slaughtered." Cramer's "charitable trust," however, is doing just fine, I'd imagine, now that he's got even more of my money and the funds of thousands of other little suckers too. I'm tired of being burned by this little bald-headed creep and his nightly Soupy Sales clown routines on CNBC. I'm swearing off forever and never watching this snake-oil charlatan again. I hope the thousands of other suckers who watch his nightly antics and con game stop watching too and drive this cretin off the air for good.