Peabody Energy at significant risk of bankruptcy

Yesterday, Peabody Energy released statements that have been unable to make interest payments on their debt. This could spell bankruptcy for the worlds largest private coal provider. While failure to pay these interest amounts on March 15, 2016 would not immedicately trigger a "default" it would become a default if the payment is not made within 30 days of that date. The company's Form 10-K statement goes on to report: *"As a result of these factors, as well as the continued uncertainty around global coal fundamentals, the stagnated economic growth of certain major coal-importing nations, and the potential for significant additional regulatory requirements imposed on coal producers, among others, ."* [image: Profit Loss for Peabody.png] #bootstrapped #news