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Vanguard 500 Index Inv Message Board

eyeche 4 posts  |  Last Activity: Oct 21, 2015 9:14 PM Member since: Sep 23, 2010
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    "Arch Coal Inc. is under mounting pressure to get a grip on its dwindling cash.

    The miner is saddled with $5.1 billion of debt and has failed to clinch a deal with creditors to swap existing bonds for new securities with longer maturities, which would help the company cut its obligations and ride out a commodities slump.

    Now Arch is three weeks away from an $18.1 million interest payment on some of the bonds it wants to make disappear. With the company’s senior lenders not wanting to see that cash used up, they’re likely to pressure the company to skip the payment, according to Spencer Cutter, a credit analyst at Bloomberg Intelligence. That would start the clock on a 30-day grace period that would force the two sides to either reach a compromise or head to bankruptcy court."

  • Reply to

    Makes you wonder

    by blackoutbuzz Oct 21, 2015 11:09 AM
    eyeche eyeche Oct 21, 2015 9:14 PM Flag

    "They" are the senior management and the BOD, made up of CEO's and such of company's that EMC's CEO is a member of their BOD. All inbred. And the mutual fund managers that vote the majority of shares are in it with the rest, I have no impact on who gets selected to a BOD.

  • Reply to

    When this drops........

    by codamyer Aug 31, 2015 2:04 PM
    eyeche eyeche Aug 31, 2015 8:54 PM Flag

    ACI has been extending the deadline multiple times, for months now, so if this is such a perfect solution, why has it dragged for so long? Something is fishy.

  • Reply to

    First message

    by m56bm Sep 30, 2015 3:00 PM
    eyeche eyeche Oct 1, 2015 5:45 PM Flag

    I do have shares from the spinoff today. I can't believe it dropped $3.00 the first day, to just $21.00. A couple weeks ago said it was valued at $30.00. How meaningless.

193.50+0.15(+0.08%)Nov 27 6:45 PMEST