WHC rallied +2% on Monday. After opening lower, the stock pushed higher all day, in line with our view that the stock is about to break out on the upside – a little bit of “Gut Feel” on the timing here. We believe coal miner WHC is well-positioned to benefit from a slower transition than many hope to clean energy, with its recent acquisition of BHP assets laying the foundations for it to again become a high-yielding cash cow in the years ahead.
- We are initially looking for WHC to test $9 in the coming months – MM is long WHC in our Active Growth Portfolio.
MM is long and bullish WHC
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