- 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.
For further details see:
Peabody Energy: Continues To Issue Shares To Repay Debt