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WLT was recommended in October 2006 with a buy-in price around $46. The analysis stressed that you get both Walter Industries and Mueller Water, and talked about a 20-year horizon on water infrastructure rebuilding.

I bought in at 21 and 25 the next year when it took a dip. I'm still holding, although painfully at the moment, and am still slightly up, but with the market doing what it's doing, I won't be surprised to go negative on this stock.

I'll be buying more, though, in the near future too. I don't see the price of metallurgical coal dropping much (see link) and I can't imagine the company is now worth 25% of what it was a month ago.

http://www.eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html...
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