Good Times to Return for Coal Miners
Walter Energy (WLT) is among the leading U.S. met coal producers. Recently, the company has been struggling to post a decent financial performance due to soft coal market conditions. Also, growing debt and liquidity concerns have taken a toll on the stock price; WLT’s stock is down 63% YTD. However, the company has been taking corrective measures to improve its financial flexibility and boost its liquidity position. Also, I believe met coal markets will improve in the future, which will bode well for the company.