One such stock that you may want to consider dropping is Walter Energy, Inc. ( WLT ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
US-based coal producer Walter Energy, Inc. has announced that it will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, this month, due to the unfavorable coal pricing environment.
The company blamed weak pricing for the moves. "These layoffs are particularly unfortunate because our employees have worked very hard to keep these mines competitive in the face of daunting market conditions," Walter J. Scheller III, Walter Energy's ...
BIRMINGHAM, AL--(Marketwired - Apr 15, 2014) - Walter Energy, Inc. ( NYSE : WLT ) ( TSX : WLT ) will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April 2014.