Yeah, of course they have a loss. They aren't doing anything to sell a lot of it. They want to look at sad and pathetic as possible in front of the courts, Debtors, etc.
Unions know they aren't working as much as they have been before. Closing of some of the mines also contributes to it.
As soon as BK is over and they have fixed the issues with Unions, and other law suits (e.g. Peabody, and the ones that the pre-BK share holders have) then they will turn it up to full speed and sell like crazy. This way they can get investors back in and get the stock price back up. After BK they will be profitable big time. They sure in the hell don't want to do it while they are in BK proceedings.
Now they can easily say "if we don't restructure, we are going to be dead in the water" and push the liquidation. Pressure will be on unions. Either restructure, or not only do you lose your jobs, but you lose EVERYTHING. No more retirement checks, health care, nada. Of course, they can jump on the law suit toward Peabody and go after them for all of it.
Peabody better be ready to start writing checks, or settle this quick. Last thing they are going to want is PCX, unions, and all retirees dragging them through the mud. Next thing you know, Peabody will be filing BK.
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