Patriot Coal Files Bankruptcy [NotSoBreaking] - MarketTicker Forums


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User Info	Patriot Coal Files Bankruptcy in forum [NotSoBreaking]
Pooslinger Posts: 4378 Incept: 2007-11-06 Illinois	http://finance.yahoo.com/news/patriot-co.... Sad day for St. Louis! My sympathy to the employees that owned shares or had stock options. 2012-07-09 18:06:07 Permalink
Drench Posts: 28631 Incept: 2009-11-10	Mid-2008 this was a $75 stock. 2012-07-09 18:21:14 Permalink
1lumpor2 Posts: 2649 Incept: 2011-05-01 Banned	"The coal industry is undergoing a major transformation and Patriot's existing capital structure prevents it from making the necessary adjustments to achieve long-term success," said Patriot Chairman and Chief Executive Officer Irl F. Engelhardt "Patriot's business outlook has been impacted by a number of challenges that are affecting the coal industry, including reductions in U.S. thermal coal demand due to competition from low priced natural gas, challenging environmental regulations affecting the cost of producing and using coal, and weaker international and domestic economies. " http://www.infowars.com/obama-advances-p.... ---------- -- Done Last modified: 2012-07-09 18:34:19 by 1lumpor2 2012-07-09 18:25:28 From PDA Permalink
Bobby Posts: 2990 Incept: 2008-01-19 vermont	Mission complete. ---------- "It was the money.You Americans, you believe money is power.""Belief, is power." 2012-07-09 18:49:01 Permalink
Colk55 Posts: 2413 Incept: 2010-02-11 Indiana	Sadder yet? The average schmuck won't hear about this and even if they did, they have no idea how this affects them because they don't care where the 'lectricity comes from, as long as they have it. Until the deal is done and it hits their wallet, that is. ---------- The politician's motto: If you can't dazzle them with brilliance, baffle them with bull***. 2012-07-10 00:41:56 Permalink*
Christiangustafson Posts: 4140 Incept: 2007-06-27 Helping Hand Acceptance Corporation Banned	I don't understand. Why are you guys mourning a coal co? You like mercury and radioactive emissions? ---------- It is therefore, on opinion only that government is founded... -- Hume 2012-07-10 01:16:41 Permalink
1lumpor2 Posts: 2649 Incept: 2011-05-01 Banned	I like not freezing to death in the winter. ---------- -- Done 2012-07-10 01:28:49 From PDA Permalink
Markgoldman Posts: 1240 Incept: 2009-01-13 Canuckistan	And to think I was just reading about how coal is going to be 44% of the energy market in 2030 just 1 hour ago. ---------- Consent Withdrawn. 2012-07-10 01:32:01 Permalink
Dashingdwl Posts: 9752 Incept: 2007-06-26 los angeles	Jobs for lawyers. ---------- When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty. 2012-07-10 02:13:53 Permalink
Lumpeninvestor Posts: 2339 Incept: 2007-10-16 98072, USSA	Mark, it may yet be 44% of the market by 2030, but that may all be in China and other places that don't have environmental restrictions. They want to build a major coal shipping port here in WA state to move the stuff to China markets. ---------- Distributing insolvency only destroys the last remaining islands of solvency in a bankrupt world. - Charles Hugh Smith 8/23/2012 2012-07-10 02:37:50 Permalink