national security alert
fiction
Edward w Pritchard
It's a routine business matter. It happens all the time.
A publicly traded corporation has missed a payment of it's debts and bonds and the stock has gotten hammered this morning. James River Coal will open at 55 cents or so.
James River Coal [ symbol JRCC] of Richmond Virginia. James river is one of the weak sister in the coal industry stung by utilities using natural gas rather than coal. Some would say governmental policy hurts the coal industry as well. President Obama prefers green friendly companies. Coal is messy.
It's a routine business workout matter for the banks involved. Enforce the covenants seize and sell a few assets of James River Coal. Pay off the bond holders.
Maybe a Chinese or Russian company has cash to invest in the American coal industry. Other American coal companies are struggling as well.
National security alert. Should the United States allow our foreign competitors to buy the hard commodity assets of American companies?
Can America if necessary replace coal with green energy in time of a national security alert?
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