Hillary Must Be So Proud… Nation’s Largest Coal Producer Warns of Bankruptcy
On Sunday Hillary Clinton bragged during her CNN town hall in Ohio that she’s going to put coal miners out of work.
She is running on the promise to eliminate jobs.
This week the nation’s largest coal producer Peabody Energy warned of bankruptcy after skipping an interest payment.
Hillary must be so proud.
Market Watch reported:
Peabody Energy Corp. shares BTU, -42.89% slumped 30% in premarket trade Wednesday, after the coal company raised ‘going concern’ issues in a regulatory filing. Peabody said it had a substantial loss from operations and negative cash flow in 2015 and it expects to continue to be loss-making this year. “These projections and other liquidity risks raise substantial doubt about whether we will meet our obligations as they become due within one year after the date of this report,” said the filing.