Peabody Energy Corporation (BTU)

[LouisDesyjr]

Operating report for May 31, 2016

The operating report for April 13, 2016 through May 31, 2016 was filed on June 20, 2016. It is document number 806:
www.kccllc.net/peabody/document/1642529160620000000000097

From looking at this report, there MAY be something left over for the common shares, PROVIDING the assets are worth what they are being carried for on the books.

I am expecting as asset sales take place, there will be large losses that will result in write downs that will wipe out the equity.

The operating report shows operating losses of $40 million with a total of $120 million lost for the April 13 to May 31 time period.

It looks like the company will lose $30 to $40 million per month, with more loses from the sale of any assets as time goes on.


Louis J. Desy Jr.

Disclosure: I have no position at this moment but may open one if the common shares fall enough and it looks like the common will retain some value; but I do not consider this likely.