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Peabody Coal
Old 03-12-2017, 08:18 AM   #1
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Peabody Coal

Whats up with them ? Would it be wise to buy some of their stock? I think they are going to be coming out of bankruptcy this month.
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Old 03-12-2017, 09:07 AM   #2
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Do you really expect the demand for coal to pick up ?
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Old 03-12-2017, 09:26 AM   #3
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Do you really expect the demand for coal to pick up ?
Of course, this natural gas stuff will never catch on !
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Old 03-12-2017, 09:29 AM   #4
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Old 03-12-2017, 09:30 AM   #5
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Peabody will do great when the aliens from Zorblatt9 show up. I wouldn't be holding my breath for that to happen.
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Old 03-12-2017, 09:52 AM   #6
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It looks like a bar room brawl.

Four bondholders sue Peabody Energy, hedge funds over stock sale | Reuters
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Old 03-12-2017, 10:03 AM   #7
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What will this mean?
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Old 03-12-2017, 10:05 AM   #8
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I lost a pile of money day trading this turkey way back. I am not going near it again.
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Old 03-12-2017, 11:58 AM   #9
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Do you see a bunch of new coal fired utility plants and steel mills using coke being built in the USA ? that is the primary market.

Rising coal exports are not enough to make this industry even worth a look for me.

if it had promise, a private equity hedge fund would buy it.
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Old 03-12-2017, 12:12 PM   #10
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You could buy some. You could go to Vegas too.
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Old 03-12-2017, 01:39 PM   #11
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I made money on BTU, trading it between 2003 and 2007. I lost money on many stocks, but not this one (I had to make money sometimes, else would have to go back to work ). I cannot remember when I got out, and have not been following it, so did not know it went bankrupt.
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Old 03-12-2017, 03:12 PM   #12
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I know nothing about stock trading. however.

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Old 03-12-2017, 04:31 PM   #13
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Old 03-12-2017, 08:08 PM   #14
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I know nothing about stock trading. however.

Very nice, but the name of the song is "Paradise". "Mr Peabody's Coal Train" is i the lyrics. Here's the original, written and performed by John Prine:



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Old 03-13-2017, 04:07 AM   #15
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While coal will remain a 40-45% provider for baseline power in the US, there are several "lumps" in the road. The political/environmental damage done in the last decade may be too severe to overcome. The shift to a service economy from a manufacturing economy removed a lot of coal fired capacity also. Natty gas, has been a cheaper, cleaner source but it has storage issues. Coal mining companies are having the same legacy cost issues that the airlines, steel and auto industries (just to name a few) had to overcome. I was in the industry for over 35 years, it still may be real early to get on this coal train.
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Old 04-04-2017, 11:30 AM   #16
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Can anyone tell me what exactly happened with Peabody coal in the last 24 hrs. Is it legal and is old stock worthless?
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Old 04-04-2017, 08:46 PM   #17
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Can anyone tell me what exactly happened with Peabody coal in the last 24 hrs. Is it legal and is old stock worthless?
IMO, Yes and Yes . Sorry. Check with your brokerage house to be sure.

My mom held on to the old the GM , at $2.50, I tried to get her to sell , no luck. Turned into a capitol loss carryover.
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Old 04-04-2017, 09:37 PM   #18
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IMO, Yes and Yes . Sorry. Check with your brokerage house to be sure.

My mom held on to the old the GM , at $2.50, I tried to get her to sell , no luck. Turned into a capitol loss carryover.
Since the bankruptcy is closed the stock is now worthless so you have a capital loss on the 2017 taxes. This happened to me with Dana once.
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Old 04-04-2017, 10:28 PM   #19
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I don't follow the stock market in general. I research in a specific way and I don't know anything about Peabody.
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Old 04-04-2017, 11:31 PM   #20
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