WLT will go UP
$50.00 on 3/13/08
$85.95 (93.28% from time of market call)
Tampa based Metallurgical Coal Producer will report earnings on Feb 19 and will be giving forward guidance for 2008. Stock has spent last 6 months in an uptrend after being depressed due to mine problems and slowdown in housing side of the business. Market expects pricing of new coal contracts to include as much as a 25% increase. However, mine and port problems in China and Australia, along with strong demand from Steel Co's worldwide will cause Walter to get a much larger increase than expected. Iron Ore producers are also getting giant price increases. This could cause a spike in the price.
