The Company, through its operating segments, offer a diversified line of products and services including coal and natural gas, furnace and foundry coke, slag fiber, mortgage financing and home construction.
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Recs
the one coal stock I'll consider due to its premium product, worth acquiring at 52 week low simply because buying something that is necessary to other industries at a low price & hoping/knowing something good will happen later on- production ramping up over next decadehttp://seekingalpha.com/article/699051-investors-should-read-between-the-lines-on-walter-energy-s-2q-earnings-warning
http://investorrelations.walterenergy.com/phoenix.zhtml?c=71978&p=RssLanding&cat=news&id=1663023
“The world is living through a cycle of urbanisation and an increasing quality of life, which is going to demand steel. “The metallurgical coal business has a lot of synergies with our other operations.”
The Colombian operations represented 80% of Vale’s thermal coal output, achieving a production of almost 3.6-billion tons last year. This was a 20% increase over 2010. But, from the start of the year until last month, the price of thermal coal fell by more than 22%, whereas the price of metallurgical coal fell only by about 13%. Moreover, while thermal coal prices are found in a band around $90/t, metallurgical coal prices are in the region of $278/t.
Vale’s biggest current coal project, Moatize, in Mozambique, will have an output of 70% metallurgical coal and 30% thermal coal. Moatize started production last year and is currently ramping up to full Phase 1 production of 11-million tons a year. Phase 2, which will double this output, has already been approved.
Metallurgical Coal
In Australia, the Brazilian company is involved in three metallurgical coal joint ventures – Integra Coal, Carborough Downs and Isaac Plains. Vale’s stakes in these are 61.2%, 80% and 50% respectively. In China, the Brazilian company has 25% stakes in two coal and coke producers, Longyu and Yankuang.
“In the area of coal, we want to be among the biggest in the world soon,” affirmed Neves. “We believe we have to get there, although we still have a long way to go.”
demand will be back, this is an attractive high quality asset
We also expect Walter's cost structure to improve as mining challenges abate and see value in the company as a mergers and acquisitions (M&A) play as has been speculated in the media."
when this was rec'd by wells fargo at $61
when western coal deal was announced stock went up to $106 and investors were enthusiastic, poised to benefit from BRIC countries but short term pain from them as their economies slow
the deal will help the enlarged company strategically to gain access into Asia particularly China. He said that as the prices of metallurgical coal is expected to remain strong, Walter is set to be benefited from the deal
will get a better entry price- global economy slowing, china demand plummet as economy experiences hard landing, other projects coming on line,
I have no edge here, deleting this pick