BHPBF - Peabody Energy: Shaky Unbridled Optimism In A Sea Of Challenges
- Peabody Energy share price up 372% in past 6 months but down significantly in September.
- Peabody’s controlling shareholder Elliott Management sold down from 29% to 23.7% (now 27,124,787 shares) in September, with call options over a further 1.5 million shares in October.
- Debt ($84 million) was paid down in Q2 by issuing new shares worth $96 million.
- What is BlackRock up to as regards Peabody Energy?
- Nimble investors might make short-term gains, but the future is bleak.
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Peabody Energy: Shaky Unbridled Optimism In A Sea Of Challenges