Patriot Coal Corporation (fka PCXCQ)

[marayatano]

Well, I wouldn't say that people are going to be lining up to buy coal once PCX is out of BK. The key word of "nostalgia" isn't going to be thrown around with PCX. You can get coal from so many other companies. With Hostess, they have a specific brand and they are the only ones that deliver it. Coal is pretty much coal.

But I do believe that PCX will be running a lot leaner and better once they are out of BK and will kick it off with good numbers to make a profit. where right now it's obvious they are purposely making sure they do NOT make a profit. In fact, they have pretty much went from +500 million in equity to -400 million. Almost 1 billion in a year. That's just horrible. And the Judge just rewarded them by allowing the managers and other "key people" to get all of these bonuses. I'm not sure how you can justify that these people are important when they just lost almost 1 billion in a year

...because, as a business, you only need "key" personal to run a business. In the event the Union strikes, all the pawns or grunt workers are a dime a dozen and are easily replaceable. For what these coal miners do, you do not need a degree nor an education.

Given the unemployment rate in the US, I am sure Patriot or the "key" personal can find works to work the mines.


As for customers (US or abroad) of Patriot, I am sure they do not care so long as they get a good price on coal.

Look at Apple: American company, but the majority of their products are made overseas. Cheap labor and high margins.



imo