Replies to post #2207 on Peabody Energy Corporation (BTU)

[sambeaux]

Your attached explanation says such a swap is
normally done during bankruptcy.
But nothing even close to intimating BK was
mentioned at the official Company Quarterly
Meeting yesterday.
As a matter of fact CFO was very upbeat about
their being close to a deal having BTU Surety
Bond debt covered with collateral to 2024.
But if the big shots discussed BK (which let's
hope they didn't) outside the meeting, I can see
how that could cause a large-volume stock price
collapse.
Please say it ain't so Joe!
PS
I think I remember you saying BTU has/had been doing a
stock buy back. So even if they gave the lender some
of the bought back stop, it should not result in
this bloodbath.