Peabody Energy: ‘Structurally Different’ Despite Dividend Elimination, Revenue Miss
July 28, 2015 at 10:28 AM EDT
Peabody Energy (BTU) reported revenue that came in lower than analyst forecasts and eliminated its dividend this morning–but the market doesn’t seem to mind. Citigroup’s Brian Yu and Jessica Idiculla contend Peabody is “structurally different than peers,” which include Alpha Natural Resources (ANRZ), Arch Coal (ACI), and Cloud Peak Energy (CLD): Dan Brenner for The Wall Street [...]