Patriot Coal's (PCX -29.4%) news release this afternoon offered no new information, 24/7's Paul...

|About: Patriot Coal Corp. (PCXCQ)|By:, SA News Editor

Patriot Coal's (PCX -29.4%) news release this afternoon offered no new information, 24/7's Paul Ausick writes. It doesn’t deny the company's need for restructuring help, and says nothing new about the $625M term loan it couldn't close last week. "Is the commitment letter signed, sealed, and delivered? Doesn’t sound like it."