“Walter Energy, Inc. (WLT) was founded in 1946 and is headquartered in Tampa, Florida. Walter produces and exports metallurgical coal for the steel industry. Its principal customers are electric utilities and industrial customers. In October the company announced third quarter profits surged to $2.57 per share, compared to $0.45 per share in the third quarter of 2009. Net sales and revenues exceeded expectations by totaling $464.3 million, compared to $278.3 million in the prior year period. The company’s market capitalization is $6.2 billion. The stock price recently recorded all-time highs and has risen 56% so far in 2010, easily outpacing the S&P 500 index. WLT is one of our Top Relative Strength stocks for 2011.”
Dan Sullivan, The Chartist, 12/10
