WHC delivered a decent operational quarter in October given the challenging conditions, though near-term earnings headwinds will persist while coal prices remain subdued leaving the stock short of a catalyst to push significantly higher. We can see the stock rotating around the $7 area while its void of any fresh news flow.
- We continue to target a test of the $9 area for WHC medium term – MM owns WHC in the Active Growth Portfolio.
MM is long and bullish towards WHC
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