The Once Mighty Peabody Coal Co

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The once mighty Peabody Coal Co

PostBy: fifthg On: Fri Mar 31, 2017 3:14 pm

Stock down 53% today after other huge recent losses.Market Cap.,the value of all their issued stock,is down to $14.42 million,(with an m.)$.78 per share.This is the world's largest coal company,with billions of tons of coal reserves worldwide.They are in bankruptcy,and are trying to emerge.Very risky investment,despite their incredible coal reserve.Only in recent America...
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

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Re: The once mighty Peabody Coal Co

PostBy: freetown fred On: Fri Mar 31, 2017 4:12 pm

F, it's more about restructuring--they've just gotten way to big for their britches & it has nothing to do with this current administration. Their only concern is MONEY above & beyond most business's. 4 other coal conglomerates have shut down since 2005.
freetown fred
 
Hand Fed Coal Stove: HITZER 50-93
Coal Size/Type: BLASCHAK Nut

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Sat Apr 01, 2017 8:45 am

In June of 2008,Peabody was a $24 billion company.The stock closed yesterday down,at a total value of all stock issued of $12.5 million.Trump is a friend of coal.Recently,America was not.I hope the industry can recover some value,and stay viable.We won't miss coal unless it's gone.
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Mon Apr 03, 2017 1:39 pm

When a company is operating under chapter 11 bankruptcy laws,which is what Peabody is doing,they intend to come out of it,reorganized.Secured creditors,like banks,get paid first.Then,any bondholders get paid.Next come the owners of preferred stock,if any was issued.If they all get paid in full,common stock holders get what is left.That can definitely be nothing.That looks like where this is going.Once reorganized,new common stock would be issued.Investing can be quite risky,huh?Be very careful when a company in bankruptcy looks cheap.Companies in bankruptcy are traded with a "Q" added to their stock symbols. Peabody symbol,for now,is BTUUQ.
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Re: The once mighty Peabody Coal Co

PostBy: Pauliewog On: Mon Apr 03, 2017 2:39 pm

It appears the top executives won't be hurt near as bad as the unsecured creditors provided the courts approve their exit strategy plan. :D
https://www.google.com/amp/www.cnbc.com ... nuses.html

Paulie
Pauliewog
 
Hot Air Coal Stoker Furnace: Alaska 140 Dual Paddle Feed
Hand Fed Coal Stove: Pittston Stove
Baseburners & Antiques: Fame Rosemont #20, Dickson Oak, Golden Oak, Happy Thought Oak, 1913 Herald Oak#16, (2)Comfort Stove
Coal Size/Type: Stove, Chesnut, Pea, Rice / Anthracite

Re: The once mighty Peabody Coal Co

PostBy: lsayre On: Mon Apr 03, 2017 3:05 pm

There are people who still believe that stockholder corporations are owned by the stockholders.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Mon Apr 03, 2017 3:46 pm

lsayre wrote:There are people who still believe that stockholder corporations are owned by the stockholders.

You own your house until you stop paying the mortgage and/or property taxes.
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Tue Apr 04, 2017 10:50 am

Sonuvagun,They emerged from bankruptcy this morning.All old common stock "extinguished".New stock issued around $30/ share.Total market cap Around $550 million on new stock.Cyclone Debbie knocked them out of Australian met coal sales for approx 6 more weeks.Mines are up,but rail system damage makes delivery impossible.Rough start...New stock symbol is BTU.
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Visit Lehigh Anthracite

Re: The once mighty Peabody Coal Co

PostBy: lsayre On: Tue Apr 04, 2017 12:29 pm

Their newly issued stock is already nearly 8% down. Hopefully there will be brighter days ahead.

And what is in store for Arch, Walter Energy, etc...?
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Tue Apr 04, 2017 1:05 pm

They are smaller fish,in a smaller pond now.Still alive is good.Still have the coal reserves.Learn how to be lean and mean.They will do it.Less steam coal,more met coal.
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Re: The once mighty Peabody Coal Co

PostBy: lsayre On: Fri Apr 07, 2017 7:20 am

Peabody's newly issued stock is currently down 12.5% from its introductory price.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)

Re: The once mighty Peabody Coal Co

PostBy: fifthg On: Fri Apr 07, 2017 3:42 pm

Cramer says if you want to play coal with less risk,buy railroads,Norfolk southern specifically.Timeliness for coal is still a big question
fifthg
 
Stoker Coal Boiler: EFM 520
Hot Air Coal Stoker Furnace: Harman DVC 500
Hand Fed Coal Stove: warm morning # 500
Baseburners & Antiques: Peninsular Western Hot Blast No.44K and Reading Foundry & Supply Co.
Coal Size/Type: stove,nut,pea,buck,and rice -Gale Mining Co Anthracite

Visit Lehigh Anthracite