I could see him taking a stake in Walter. That would make sense. A complete takeout in this or any mining industry right now by a global player seems unlikely. But hey everyone thought it would happen when met coal was king and Walter was at 90, and it didn't. So I suppose anything is possible.
Wishful thinking. The stock is not trading like a buyout is happening. It's trading like shorts are covering before earnings because the stock has been cut in half in less than a month from already depressed levels and they don't want to be caught with their pants down.
I heard nothing about bankruptcy. He said the commodity supercycle was over particularly relates to China, though there were pockets of strength in U.S. thermal coal. He didn't really say much at all about met coal and even though they brought up Walter, it was in regards to handling of debt in a leveraged buyout. And it was totally hypothetical. The conversation had nothing to do with how the stock is trading in the short term. So give it a rest.
Would please educate yourself as to the correct usage of the term "pump and dump" (hint: yours is wrong) and stop pretending as if anyone cares what "calls" you are making. You don't make calls. You don't influence markets. So why do you bother?
It was a strange warning. They said the record setting days of the big equipment makers were "over," but gave no reason why. It's a risky business because margins are being squeezed and much of their growth has come through acquisitions, but if you read their conference call transcript they had like two thirds organic growth this quarter and they vowed to focus on that versus acquisitions going forward. Plus they have tremendous revenue growth and trade at a very low multiple (about 10x conservative 2014 EPS) for a growth company. Plus, if you're looking for growth, I'd much rather be levered to agriculture and construction in the U.S. (and a little Europe, ok) than just about any other segment anywhere else.
That's fine if you're a day trader. And charts lie all the time. They are not predictive in my view. Breakouts fail, patterns that appear to be happening don't happen, etc., and it's all rear-view mirror stuff. You have to supplement fundamental understanding with technicals. One doesn't replace the other. Don''t pretend you know everything because you don't
This from the individual who told us a "stampede" would start at 27.80 when exactly the opposite happened. The breakout failed and now you have to ask if this is the start of a new downtrend. Rather than obsessing about the intraday moves, why don't you consider the bigger picture. If you like the company and the fundamentals (which I do) then you like this stock, especially considering it already went through the ringer with the earnings warning and has recovered nicely since then. Plus the down moves have all been light volume, so no patterns to me have been confirmed.
BK toast? That sounds delicious. Burger King are you listening?