Peabody Energy Corporation (BTU): Book value The problem is that is boo...

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Re: BAMBOOZLER post# 1312

Monday, 04/18/2016 8:56:13 AM

Monday, April 18, 2016 8:56:13 AM

Book value

The problem is that is book value, what they paid for the assets. The current market value is probably a lot less and the losses will get booked once there is a transfer of assets or sale of assets.

The same thing happened over at Allied Nevada Gold (ANVGQ). Once they started selling stuff off, all kinds of loses got book and wiped out the equity, but it was too late of people to realize this was going to happen.

Louis J. Desy Jr.

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