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Strategies & Market Trends : Value Investing

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To: Asymmetric who wrote (51689)	7/24/2013 11:36:55 AM
From: Steve Felix	Read Replies (1) of 78497

Sometimes the "smart money" isn't. An Update (from Barrons on May 23). A piece by StreetAuthority's David Sterman points out certain stocks that corporate insiders—another class of "smart money" investors—have been buying lately. He cites Walter Energy (WLT) a producer of met coal, which is used in steelmaking. "In the past few weeks, 11 of them have acquired a collective 114,000 shares at an average price of $18," Sterman writes. _______________________________________________________________ 5:37p ET July 23, 2013 (Dow Jones) Coal Producer Walter Energy Slashes Dividend by 92% By John Kell Walter Energy Inc. (WLT) has slashed its quarterly dividend payment by 92%, as the coal producer continues to face weak prices for metallurgical coal. The company will now pay a dividend of a penny per share, down from the prior payout of 12.5 cents a share. The cut will save Walter Energy an estimated $28.8 million a year $12.01 -2.08 (-14.76%)

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