Sell Alert: Walter Energy (WLT)

This stock has triggered its trailing loss stop, so it should be sold.

Walter Energy (WLT)
from The Value Bounce Updated from ID 754, February 19, 2014

Walter Energy (WLT) has hit our trailing loss stop. After a strong start, Walter Energy has had two bad days, hitting our 15% trailing stop loss...

This stock has triggered its trailing loss stop, so it should be sold.

Walter Energy (WLT)

from The Value Bounce Updated from ID 754, February 19, 2014

Walter Energy (WLT) has hit our trailing loss stop. After a strong start, Walter Energy has had two bad days, hitting our 15% trailing stop loss at $9.20 today.

While the focus has been on the company’s request to modify loan agreements, the chief problem, in my view, was Goldman Sachs’ downgrade of projected met coal prices.

Nevertheless, most of you should stick with our trailing stop loss policy. I will continue to monitor Walter, and believe its upside is still sizable when the climate improves.

To put things in perspective, Walter was a $141 stock in 2011 and is down 70% in the last year.

Carl Delfeld, The Value Bounce, www.thevaluebounce.com, 800-250-9657, March 11, 2014

Sell Alert: Walter Energy (WLT)

This stock has triggered its trailing loss stop, so it should be sold.Walter Energy (WLT)from The Value Bounce Updated from ID 754, February 19, 2014Walter Energy (WLT) has hit our trailing loss stop. After a strong start, Walter Energy has had two bad days, hitting our 15% trailing stop loss...