Patriot Coal: What You Need To Know

By Sammy Pollack:Shares of Patriot Coal Corp (PCX) plunged mid-way through Monday's trading session on news that the company is likely to file for bankruptcy as soon as today.

By Sammy Pollack:Shares of Patriot Coal Corporation (PCX) soared by more than 30% on Thursday despite the lack of any major news.

By Sammy Pollack:Shares of James River Coal Co (JRCC) traded sharply lower on Tuesday following news that Patriot Coal Co (PCX) filed for chapter 11 bankruptcy. (Click to enlarge) JRCC data by YCharts

By Sammy Pollack:Shares of Patriot Coal Corporation (PCX) are trading sharply higher on Monday despite any real news.

By Junc Bond:Patriot Coal (PCX) has consistently generated negative cash flow. Coupled with potential maintenance covenant violation issues and current debt maturities, the banks and capital markets have balked at the notion of further funding the company in the current weak coal environment. In the following we will look at the reasons for why PCX failed and begin a valuation analysis.

By Sammy Pollack:Shares of James River Coal Company (JRCC) fell sharply on Tuesday following a credit rating downgrade from S&P.

Zacks.com submits: Manitowoc Co. Inc. (MTW) has improved the strength and flexibility of its capital structure and reduced the interest rate paid on outstanding debt by refinancing its secured credit facilities. The company’s revolving credit facility has increased by $100 million to $500 million and, including updated term loans, the facilities total $1.25 billion.

By Adam Gefvert:A lot of Seeking Alpha readers were asking me about James River Coal (JRCC) in the comments section of my article yesterday: James River Coal And Patriot Coal Will Likely