Nov 30, · GE Capital Corp and JRCC: The Bankruptcy Court has approved payment of certain pre-petition obligations, including employee wages, salaries and benefits, and the payment of vendors and other providers in the ordinary course for goods and services received after the filing of the Chapter 11 petitions and other business related expenses. Jul 09, · A big reason why is because the big players are going to shut JRCC out of the market. Now that it's a clear bankruptcy risk, JRCC won't be able to get any more financing. The PCX bankruptcyAuthor: Adam Gefvert, CFA. How to Play James River Coal (JRCC) Following the lemming ‘group think’ almost never has been good for investors’ trading accounts. With the overwhelming notion that JRCC heads for bankruptcy, and a price chart assuredly repelling the pack, the stock moves ever closer to a potential monster ‘swing’ trade that should shock the shorts.
Leave blank:. Forgot your password? Contribute Login Join. Market Overview. Luke Jacobi , Benzinga Staff Writer. View the discussion thread. Trending Recent. Subscribe to:. Benzinga Premarket Activity. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Market in 5 Minutes. Therefore, JRCC is going to have to be very careful with how it spends its money.
This includes marketing dollars. It's easy to see why PCX filed for bankruptcy on July 9th, it was simply out of cash. Also, with the slow global economy, steel demand will continue to be weak. And the reward for betting correctly could be very handsome, indeed. As natgas and coal surged 2. See graph, below. But, could JRCC get still dirt cheaper. Sure it can. Leave a Reply Cancel reply.