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Stock Market & Financial Investment News

News Breaks
March 25, 2013
07:12 EDTWLTAudley Capital urges Walter Energy investors to vote for director nominees
Audley Capital is sending a letter to Walter Energy stockholders urging them to vote the GOLD proxy card for Audley Capital’s five highly-qualified and experienced director nominees who are strong candidates to implement needed financial and operational initiatives that can create lasting value at the company. Julian Treger, Managing Partner of Audley Capital, said, “We firmly believe that the inherent value in Walter Energy is not reflected by the current share price, and remain confident that our five highly-qualified and experienced Board nominees possess the mining and public company experience necessary to unlock the underlying near-and long-term value at the company. We believe that voting for the company’s current director slate will only embolden the Board and management to continue making strategic, financial and operational decisions that are harmful to stockholder value. We urge stockholders to send a clear message to Walter Energy’s Board and management by electing Audley Capital’s Board candidates, who will work to execute a clear strategic plan to drive long-term growth and value creation at the company.”
News For WLT From The Last 14 Days
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October 31, 2014
10:00 EDTWLTOn The Fly: Analyst Downgrade Summary
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08:10 EDTWLTWalter Energy downgraded to Underweight, restructuring necessary, says BB&T
As previously reported, BB&T downgraded Walter Energy to Underweight from Hold. The firm believes Walter will run out of cash in the next 12 months and that the best alternative is to restructure with some cash on the balance sheet and come out a stronger company. BB&T said the met coal price needs to be approximately $170/mt before Walter can break vs. the current $109.50/mt spot price and a restructuring is the only right choice.
06:39 EDTWLTWalter Energy downgraded to Underweight from Hold at BB&T
October 30, 2014
09:14 EDTWLTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
08:25 EDTWLTWalter Energy reports end Q3 liquidity $623.9M
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07:42 EDTWLTWalter Energy sees FY14 met coal production 9.5 MMTs, lowers capex view
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07:40 EDTWLTWalter Energy reports Q3 met coal sales volumes 2.3 MMTs
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07:39 EDTWLTWalter Energy reports Q3 adjusted EPS ($1.58), consensus ($1.63)
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October 28, 2014
10:45 EDTWLTCONSOL rises after acknowledging long-term thermal coal MLP opportunity
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