This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Insiders Love Right Now

Walter Energy

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

In the coal complex, insiders are buying up a decent amount of stock in Walter Energy (WLT), a producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas (natural gas), metallurgical coke and other related products. Insiders are buying into some mild strength here since shares of Walter Energy are up just over 6% so far in 2012.

Walter Energy has a market cap of $4 billion and an enterprise value of $6.25 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 11.29 and a forward price-to-earnings of 8.77. Its estimated growth rate for this year is -4.2%, and for next year it's pegged at 34.2%. This is far from a cash-rich company, since the total cash position on its balance sheet is $128.43 million and its total debt is a whopping $2.33 billion.

The vice president and general counsel just bought 15,000 shares, or $982,000 worth of stock, at $65.52 per share.

From a technical perspective, WLT is currently below both its 50-day and 200-day moving averages, which is bearish. This stock has been trending lower ever since it hit its February high of $76.81 a share. There's some near-term support that WLT is trading within range of at $64.06, and there's more support down at $56.58 and $53.22 a share.

If you're bullish on WLT, I would look for long-biased trades once this stock moves back above its 50-day moving average of $65.57 on high-volume. Look for volume on a move and close above that level that's near or above its three-month average action of 2,639,700 shares. If WLT doesn't make that move soon, then look for buyers to step in near those previous support zones at $64.06 or $56.58 a share.

To see more stocks with notable insider buying, including Superior Energy Services (SPN), TASER International (TASR) and SXC Health Solutions (SXCI), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
DELL $0.00 0.00%
WLT $0.00 0.00%
AIG $56.00 -1.00%
NLSN $51.63 -1.70%
SBGI $32.53 0.18%


Chart of I:DJI
DOW 17,749.54 -141.62 -0.79%
S&P 500 2,065.29 -16.14 -0.78%
NASDAQ 4,775.8330 -41.7610 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs