Thursday, April 21, 2011

Great buying opportunity

Walter Industries Daily Chart (WLT)
  • I love this chart. I also love the fundamentals of the company. This is an amazing buying opportunity and I am initiating a position at the open tomorrow morning.
  • Walter Industries, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products. It principally serves electric utility and industrial customers. The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy, Inc. in April 2009. Walter Energy, Inc. was founded in 1946 and is headquartered in Tampa, Florida.
  • The chart is just perfect and on top of that the last 3 quarters average EPS growth is 290% EPS Estimates for the current quarter have recently risen 93% and last quarters EPS growth year over year was an amazing 80%.
  • The debt/equity ratios is a small 26% and annual ROE is running 93.1%. The coal industry is blazing ahead, especially because of the nuclear disaster in Japan. This one looks like a golden opportunity.

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