Peabody Energy (BTU) is a bargain but it's the right fit only for the most patient investors,...

|About: Peabody Energy Corp. (BTUUQ)|By:, SA News Editor

Peabody Energy (BTU) is a bargain but it's the right fit only for the most patient investors, Chuck Jaffe writes. BTU's $5B takeover of Australia’s Macarthur Coal is a debt burden; a 109% debt-to-equity ratio is high even in an industry known for heavy debt loads. BTU also gets low marks for growth and momentum, due to macro forces totally beyond its control.