Peabody Energy: ‘Structurally Different?’
April 23, 2015 at 10:15 AM EDT
Shares of Peabody Energy (BTU) are going up in smoke today after the coal miner reported a larger-than-forecast loss and issued disappointing guidance. Citigroup’s Brian Yu doesn’t think Peabody will go the way of peers (think Arch Coal (ACI) and Alpha Natural Resources (ANR)): Peabody posted adjusted EBITDA of $166 mln, below consensus of $184 [...]
