Western Canadian Coal, $3.95, symbol WTN on Toronto (Shares outstanding: 323.1 million; Market cap: $1.3 billion), produces metallurgical coal, which is used in steelmaking. The company exports most of its coal, primarily to Asia.
In the three months ended December 31, 2009, Western Canadian Coal earned $0.09 a share. That was down 69% from $0.29 a share a year earlier, but well above the nil per share that analysts were expecting.
Metallurgical coal prices are volatile, and depend on the highly cyclical global steel industry. That adds to Western Canadian Coal’s risk. Even so, China and India are making more steel, which should raise long-term demand for metallurgical coal. As well, metallurgical coal prices could rise as much as 30% to 40% this year due to a recovering economy.
Western Canadian Coal is okay to hold, but only for aggressive investors.
investors.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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