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Walter Energy, Inc. Message Board

rlb799 1 post  |  Last Activity: May 1, 2014 11:07 AM Member since: Sep 15, 1999
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    Buffet comment this weekend.

    by ec000232 May 1, 2014 10:32 AM
    rlb799 rlb799 May 1, 2014 11:07 AM Flag

    He did defend IBM when it fell from $185 to $172 or so after a dreadful earnigs report last Oct. Everybody on CNBC was bearish on a technical and fundamental basis and calling for a drop into the 150s. Old man went on Charlie Rose, said good things about the company and the stock started to climb. In JPM London Whale stock fell from 42 to 31 in one week in May 2012. Basically took the whole summer until Sept. for price to recover but recover it did.

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