Peabody bankruptcy? (coal)

[ZenOps]

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/peabody-energy-warns-it-may-file-for-bankruptcy-protection/article29256718/

I would have thought that it would be considered a national asset and not subject to bankruptcy.

[Sugarphreak]

...

[ZenOps]

http://www.usatoday.com/story/money/2016/04/13/peabody-energy-coal-chapter-11-bankruptcy/82971246/

Officially filed for bankruptcy today.

http://www.marketwatch.com/story/bankrupt-peabodys-stock-plunge-to-around-1-in-one-chart-2016-04-13

Makes blackberry look good.