BUY WALTER INDS INC (WLT) Stock Pick Analysis by Ktoyou on People & Picks

S&P 500: 1,342.64 Change: +0.17%

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P&P Score: 0.50 | Points: -239.11 | Accuracy: 40.29 | Average Pick Score: 0.01 Annual Return: N/A

Commentary

BUY: WALTER INDS INC (WLT) Rating: 3

Start Price:	$29.45
Points:	+88.28
Created:	05/21/2009

I personally know this gentlemand and he is a very honest as well as smart man who as you can see ventured from simply land developement into the current trends our economy is now facing. L/T HOLD Walter Energy, based in Tampa, Fla., formerly Walter Industries, Inc., is a leading U.S. producer and exporter of premium metallurgical coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. It also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company, through its operating segments, offers products and services, including coal and natural gas, metallurgical coke, mortgage financing and home construction. Its segments include Natural Resources, Sloss, Financing, Homebuilding and Other. The Natural Resources segment consists primarily of Jim Walter Resources, Inc., Tuscaloosa Resources, Inc., Taft Coal Sales & Associates and United Land Corporation. The Financing segment includes Walter Mortgage Company, services non-conforming installment notes and loans that are secured by mortgages and liens. The Homebuilding segment includes Jim Walter Homes, Inc., which is an on-your-lot homebuilder.

6 Comment(s):

Author

Ktoyou

Date

2009-09-03 18:55:10

This stock is well diversified and into various industries as you can see from my previous remark.

Author

Ktoyou

Date

2010-06-04 09:14:53

Even though equity prices are down for coal note it is still needed as quoted for the global steel industry. This company has recently acquired a natural gas exploration company which I applaud. They always seem to be one step ahead of everyone. I may be incorrect but this is my assumption.

Author

Ktoyou

Date

2010-06-21 11:51:24

This was expected to continue in a downward trend to $65 price range, however, it was announced there is a coal shortage. Also in place mines will not be assessed the increase of tax, whereas, new applicants will have to absorb a larger tax.

Author

Ktoyou

Date

2010-07-01 10:44:26

I want to reiterate that WLT is also natural gas. The last support price was at $65. with next qtr & next yr. earnings expected to double. It makes sense to me they will have to adjust their stock downward to compensate for the BUYS that should come in on their earnings report 7/25. A strong stock to consider as well as the fact it offers a dividend. Coal miners rules were also included in the Fin Reg law??? Only because I am very familiar with the owner of this stock I continue to think it is a L/T hold even though we are in a society of non L/T holders.

Author

Ktoyou

Date

2010-07-09 11:19:04

Once again......I would like to point out this individula stock to others. I am fairly sure the support was at $65. and on a down day you may want to add this one to your list of BUYS. What most do not understand is even though it is listed in the description as a coal industry, the company has and is evolving into gas production as well. This is why this company has always been extremely successful. Always changing like a camelion. They also offer a dividend.

Author

Ktoyou

Date

2010-09-01 10:12:51

WLT has surpassed my own $70 support level finally so will see if it stays intact with this large surge. If so, I still highly recommend this stock.

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