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Enter Symbol:
 
Walter Industries, Inc. (WLT) [hlAlert]

Rating:
Underperform
WLT
up 11,066.66 %

Walter Industries, Inc. (WLT) downgraded to Underperform by BofA/Merrill

Posted on: Thursday,  Nov 15, 2012  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Walter Industries, Inc. (NYSE: WLT) on 11/15/2012, when the stock price was $30.15. Since
then, Walter Industries, Inc. has lost 99.10% as of 06/23/2015's recent price of $0.27.
If you would have followed this BofA/Merrill's recommendation on WLT, you would have gained 11066.7% of your investment in 950 days.

Walter Energy, Inc. (Walter Energy), formerly Walter Industries, Inc., is a producer and exporter of premium United States metallurgical coal for the global steel industry. The Company also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company, through its operating segments, offers products and services, including coal and natural gas, metallurgical coke, mortgage financing and home construction. Its segments include Natural Resources, Sloss, Financing, Homebuilding and Other. The Natural Resources segment consists primarily of Jim Walter Resources, Inc., Tuscaloosa Resources, Inc., Taft Coal Sales & Associates and United Land Corporation. The Financing segment includes Walter Mortgage Company, services non-conforming instalment notes and loans that are secured by mortgages and liens. The Homebuilding segment includes Jim Walter Homes, Inc., which is an on-your-lot homebuilder. On September 2, 2008, it acquired Taft Coal Sales & Associates.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/15/2012 8:25 AM Sell
None
30.15
as of 12/31/2012
1 Week down  -6.56 %
1 Month down  -18.80 %
3 Months down  -19.00 %
1 YTD down  -19.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/24/2012 8:25 AM Hold
None
33.61

(*) Stock Price at the time of the recommendation.
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