WHC has been a serial disappointment on the operational front over recent years but a coal price which has more than doubled over the last year makes the stock extremely cheap in our opinion but it looks like we’re not alone, directors are still buying! The last time coal was at todays levels WHC was closer to $6, combine this with insider buying we remain very comfortable with our exposure to the stock and sector even if its no longer popular to own fossil fuel stocks, a sharp appreciation towards $3 / +50% over the next 12-months feels a strong possibility.
MM remains long and bullish WHC
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