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

Rating:
Mkt Outperform
WLT
down 99.10 %

Walter Industries, Inc. (WLT) rated Mkt Outperform with price target $73 by Avondale Partners

Posted on: Monday,  Apr 14, 2008  2:25 PM ET by Avondale Partners

Avondale Partners rated Mkt Outperform Walter Industries, Inc. (NYSE: WLT) on 04/14/2008. Previously Avondale Partners rated Buy Walter Industries, Inc. (NYSE: WLT)
on 10/11/2007., when the stock price was $30.05. 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 the previous Avondale Partners's recommendation on WLT, you would have lost 99.1% of your investment in 2812 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.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/14/2008 2:25 PM Buy
None
66.99 73.00
as of 12/24/2008
1 Week up  4.57 %
1 Month up  1.53 %
3 Months up  34.31 %
1 YTD down  -56.90 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2008 12:25 PM Buy
None
57.60 68.00
10/11/2007 1:25 PM Buy
None
30.05 32.00

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