WHC +4.35%: Out with production numbers this morning and there were lots of moving parts as you’d expect after such a choppy period from an operational standpoint. The short of it is that operations are heading in the right direction with Narrabri expected to have a better FY22 however it’s really just the strong coal price tailwinds masking a lot of operational sins over the past year. Fortunately for WHC (and us as shareholders) that’s just the reality for now and they’ll continue to print very strong earnings numbers as a result. I don’t particularly like this stock however it’s hard to argue with the current economics of their business.
MM remains bullish WHC targeting $2.50+
Add To Hit List
