Largest U.S. Coal Producer Skips Interest Payment, Warns Of Bankruptcy; Stock Crashes

Wednesday, March 16, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/16/2016

After a historic short squeeze which sent the stock of Peabody Energy soaring from $2.50 to $6.50 in under two weeks, things promptly reverted back to normal when the stock crashed back to earth plunging by 30% to $2.80 in the pre-market, and wiping out virtually all recent gains, after Peabody announced in its just filed 10-K, reported that it may have to join its peers Arch Coal and Alpha Natural in 11 bankruptcy protection, after it delayed $71 million in interest payment due on March 15.

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