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Whirlpool Corp. Message Board

onepoint272 38 posts  |  Last Activity: Jul 3, 2014 11:50 AM Member since: Apr 9, 2011
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  • Reply to

    S&P

    by vincent90157 Jul 2, 2014 1:29 PM
    onepoint272 onepoint272 Jul 3, 2014 11:50 AM Flag

    S&P said their debt is not sustainable. That's a nice way of saying they are going BK. They also said the chance of MET prices rising to a level soon enuf to prevent their failure is very unlikely. This recent run up is dead cat bounce.

  • onepoint272 onepoint272 Jul 3, 2014 9:57 AM Flag

    What margins? Good grief they are hemorrhaging money they don't have. Time is running out all right, time to remain in existence.

  • Reply to

    S&P

    by vincent90157 Jul 2, 2014 1:29 PM
    onepoint272 onepoint272 Jul 3, 2014 9:18 AM Flag

    The fact remains that WLT's debt was downgraded which will affect their ability to stay in business. This holiday week is slow and easy for the bigger players to markup the stock price and distribute....be careful.

  • onepoint272 onepoint272 Jul 1, 2014 10:02 PM Flag

    .........and then the bankers will bring WLT out of receivership, dust off the equipment, and issue new stock.

  • Reply to

    Closed at HOD after useless "downgrade"

    by kem60 Jun 30, 2014 4:31 PM
    onepoint272 onepoint272 Jul 1, 2014 3:42 AM Flag

    You think? But it took all day to recover what was lost in the first 4 minutes of trading. The first 5-minutes had the highest volume of the day, then it was manipulated higher. Seems to me that all-day recovery was the retracement, right?

    It is trading well below the daily and weekly pivots. Also, it's printing lower highs and lower lows now. It's made 3 attempts to test the high of June 23rd but each time sold off at successively lower prices. It is pushing lower lows and possibly building cause to break thru that bar of June 13th. But it's been in a trading range since June 19th so just have to see which way it breaks; but I think the preponderance of evidence is pointing down.

    Sentiment: Sell

  • Reply to

    doing nothing

    by x2073 Jun 30, 2014 11:30 AM
    onepoint272 onepoint272 Jun 30, 2014 11:51 AM Flag

    In the case of Walter, those patiently short from the $140's have been on the receiving end of that transfer.

  • Reply to

    WLT is Oversold at this point . . .

    by hooverist Jun 30, 2014 10:30 AM
    onepoint272 onepoint272 Jun 30, 2014 10:49 AM Flag

    They lost what? $6.40 last year. Who in their right mind would PAY for Losses? Losses that are expected to continue worsening.

    It has been trending down from the $143.76 high. There has not been an accumulation phase nor a sign of strength to indicate it is ready to reverse trend.

    Strong Buy????....Geeeeez Louizzzz.

    Sentiment: Sell

  • Reply to

    S&P says Walter debt unsustainable

    by onepoint272 Jun 30, 2014 9:17 AM
    onepoint272 onepoint272 Jun 30, 2014 10:28 AM Flag

    "The negative outlook reflects our expectation that weak met coal market
    conditions will persist, which will pressure the company's liquidity
    position," said Standard & Poor's credit analyst William Ferara . "We also
    expect very weak credit measures in 2014, with debt leverage above 20x and
    EBITDA interest coverage of less than 1x in 2014."

    We believe the company's capital structure is likely unsustainable in the
    long-term absent an improvement in met coal prices. We could lower our rating
    if met coal prices further deteriorate, liquidity becomes further constrained,
    or negative cash flow from operations is sustained. We could also lower the
    rating if the company were to risk a breach of its financial covenant. This
    could occur if the company needed to draw more than 30% on its revolving
    credit facility.

    We could revise the outlook to stable if market conditions improved and
    leverage began to trend toward 10x, with EBITDA interest coverage comfortably
    of about 1.25x. This is highly unlikely, in our view, to occur over the next
    few quarters.

    Sentiment: Sell

  • Reply to

    S&P rating change is non-event...

    by ccapri1001 Jun 30, 2014 7:00 AM
    onepoint272 onepoint272 Jun 30, 2014 10:12 AM Flag

    I think S&P's rating of the debt carries quite a bit more weight than "simply another analyst". Nevertheless their motives may be as you say. The question is what is a good entry? 50 cents, 5 cents?

  • U.S.-based coal producer Walter Energy Inc.'s debt level is
    unsustainable, in our view, given low metallurgical (met) coal price and
    reduced production expectations for the company.
    -- We are lowering our corporate credit rating on Walter to 'CCC+' from
    'B-' and our issue-level rating on its senior secured debt, which includes
    Walter's bank facilities and its 9.5% senior secured first-lien notes, to 'B-'
    from 'B'. The recovery rating on the senior secured debt remains '2'.
    -- At the same time, we are lowering our issue-level rating on the
    company's senior secured second-lien notes and senior unsecured notes to
    'CCC-' from 'CCC'. The recovery rating on the notes remains '6'.
    -- The negative outlook reflects our expectation that weak met coal
    market conditions will persist over the next 12 months, which will pressure
    the company's liquidity position. We also expect very weak credit measures in
    2014, with debt leverage above 20x and EBITDA interest coverage of less than
    1x in 2014.

  • Reply to

    OK i gotta go to work

    by hedgefundinfiltrator Jun 26, 2014 8:30 AM
    onepoint272 onepoint272 Jun 26, 2014 11:17 AM Flag

    Nice call.

  • Reply to

    SKUL retailer Radio Shack RSH slips below $1

    by onepoint272 Jun 20, 2014 5:48 PM
    onepoint272 onepoint272 Jun 25, 2014 12:16 PM Flag

    Looks like it is working for you so far. I thought about it too but can't get too many irons in the fire. I'm short WLT and long coffee. Wheat is starting to look interesting (can trade the etf WEAT if no futures account).....below $6 a bushel. Apparently Warren Buffet's railroad is under orders of the Transportation Board to answer why they are not fulfilling their obligations to get last year's wheat out of the elevators. They need room for the new crop and the old crop is starting to rot. The railroad blames it on the hard winter and the demand to move the Balken oil.......moving oil probably pays better.....and maybe Buffet is getting long wheat.

  • Reply to

    Is TRMR washed out?

    by imdaman20072002 Jun 5, 2014 8:26 PM
    onepoint272 onepoint272 Jun 25, 2014 1:05 AM Flag

    Tues June 24th.......Probably going to get the pull back now. Closed at $4.58. Since the daily prices held above the weekly pivots for nearly 2 1/2 weeks and today closed under the weekly pivot (4.66), it COULD indicate a strong downside move. Also, it reached the weekly pivot support-1 level (4.52), indicating the TRMR market is in retracement.

    Intraday it could bounce back up to the weekly pivot or even the daily pivot (4.69) but longer term looking for the above retracement to unfold. If it holds above the pivots then that would indicate unusual strength.

  • Reply to

    Abandoned board not a good sign?

    by pa61440 Jun 20, 2014 3:12 PM
    onepoint272 onepoint272 Jun 22, 2014 2:18 PM Flag

    Very interesting and astute observation about the SPY and SPX.

    4.25 TO 5.87 is a 38% pop......yes, WLT is quite a bit over-done. Even if it is going higher in the longer term, it needs to build cause between $4.25 and $6 for a long while.

    Thursday was a clear rejection of higher prices. The only question is, will there be an attempt to retest Thursday's high before heading back down to test the lows.

  • NEW YORK (AP) -- RadioShack's stock is trading below $1 per share for the first time in its history — and has the investment world wondering if it will eventually be delisted.

    Shares of RadioShack Corp. fell 9 cents, or 9 percent, to 94 cents in Friday afternoon trading after falling as low as 91 cents per share earlier in the day. The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days.

    The stock is well below its all-time high of $79.50 set in December 1999. Since then, RadioShack has had trouble finding its place in the evolving retail and technology landscape.

  • Reply to

    Morgan Stanley cautios on SKUL

    by onepoint272 Jun 17, 2014 2:44 AM
    onepoint272 onepoint272 Jun 18, 2014 10:07 AM Flag

    Yeah I think you're right about a reversal. It has taken over a month trying to take back a one-week decline. I'm thinking it will drift higher to flat for another 6 days, into Friday of next week. I'd like to see it get into the 8's; test that 8.19 swing high of last week before taking another short position.

  • Morgan Stanley analyst, Jay Sole is reported to have said Monday, "SKUL is a turnaround story..........However, Apple's acquistion of Beats is a new threat. We think the probability of our $2 bear case playing out has risen. Stay EW [equal weight].

  • Reply to

    OP - Take a look at TRMR for me

    by michaelsistowicz Jun 16, 2014 6:57 PM
    onepoint272 onepoint272 Jun 17, 2014 2:31 AM Flag

    Yes, TRMR should go up from here....rejected lower prices on the 5th and 6th and then last week printed clustered closes followed up by today's strength. Broke thru the downtrend Looks like it's gunning for 4.71 or 5.06 or even 5.20. But I'm not in yet so I'll have to wait for the pull back. Thinking 4.33 should be the floor but I may try to pick some up at 4.44.

  • Reply to

    Is TRMR washed out?

    by imdaman20072002 Jun 5, 2014 8:26 PM
    onepoint272 onepoint272 Jun 17, 2014 1:58 AM Flag

    Yes, should go up from here....rejected lower prices on the 5th and 6th and then last week printed clustered closes followed up by today's strength. Broke thru the downtrend Looks like it's gunning for 4.71 or 5.06 or even 5.20. But I'm not in yet so I'll have to wait for the pull back. Thinking 4.33 should be the floor but I may try to pick some up at 4.44.

  • Reply to

    Is TRMR washed out?

    by imdaman20072002 Jun 5, 2014 8:26 PM
    onepoint272 onepoint272 Jun 7, 2014 4:26 AM Flag

    Yes, incredible volume for the week ending June 6th. With that volume at the low of the range it should have been taken down to $2, but no, small price range instead, someone is buying the fear and/or the boredom, hand over fist. Been watching for months ever since Michael and Charles turned me on to it. I expect there will be some action soon....may have to get in on Monday.

WHR
148.89+1.98(+1.35%)Jul 25 4:01 PMEDT

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