BTU - Peabody Energy: Continues To Issue Shares To Repay Debt

• Peabody Energy is focused on the details while not wishing to address the state of the coal industry.
• Q3 results continue to disappoint at a time when there is a shortage of coal and prices are well beyond what seems to be sustainable.
• Peabody continues to pay down debt by raising money through the issue of new shares leading to substantial shareholder dilution.
• Actions by Arch Resources contrast with Peabody Energy’s actions relating to debt repayment, shareholder dilution, and preparing for an exit from thermal coal.
• Investors might look into the details if they are considering an investment in Peabody Energy at this time.

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