Coal: Through the Sausage Machine
October 13, 2015 at 11:22 AM EDT
JPMorgan’s John Bridges and Anant Inani explain why they cut Arch Coal (ACI) and Peabody Energy (BTU) to Underweight from Neutral: Brendon Thorne/Bloomberg News Patriot has just emerged from the meat grinder of Chapter 11 for a second time and Alpha is entering the process. It’s evident to us that the US power grid cannot […]
