Patriot Coal Corporation (fka PCXCQ)

[frankj]

Really good article on rating and what they think the outlook looks like for PCX:

http://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=PCXCQ&storyid=201208161701RTRSNEWSCOMBINED_WNA3649_1&provider=RTRSNEWS&product=COMBINED&sb=1

Even though the rating is a "D", they have updated it for the DIP financing. key point is how they believe that the overall is a "B" in terms of PCX being able to pay back the DIP financing in cash when in the end.

Not sure about any of you, but where I live, it has gotten a little bit cooler than normal. Could be a sign of an early winter, and perhaps a longer and colder winter. WAY too early to tell, but so far the pattern I'm seeing just for the next week or so, its down 5 to 10 degrees cooler (I'm in Atlanta GA area).

anyone got any feedback?

I also went over the full 10Q for the quarter. Looks like its down like we all thought it would be. Wasn't sure if it was going to update the price per share and what it would be, but nothing was there.

Just have to keep on waiting. Either way, article looks good in terms of their confidence with "B" that everything will emerge from BK.

Next big questions will be, how will they treat the current share holders, and how will they be able to prove they are a viable business if demand doesn't increase. IF we do get a sooner winter and cooler weather, then good chance it will. It also depends on the demand from China and India. I also don't think they are even in the works of being bought by anyone.

thoughts?