Crippling for 18-36 months. Once the market can see the light of payback being complete, the price will react accordingly. Until then, all coal stocks are being priced as if they are dead in three years. Therefore, until the market sees cash flow positive without debt, WHC will struggle. That point in time is maybe 6-12-18 months away and all depends on underlying coal prices.
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Buy and forget today... or wait 6-12 months and then buy/forget.
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I nibbled up and increased my holdings by a single digit percentage today. I'll get some more slowly over the next year. Average in is the only way.
WHC Price at posting:
$7.02 Sentiment: Hold Disclosure: Held
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