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all of America dnmt in entertainment called had become a dirty word the nation's largest coal producer in steering on the edge of going bust Peabody energy warning Wednesday but it may have to seek bankruptcy protection because it doesn't have enough cash to pay the bills I'm coming in the York as of the end of last year Peabody was saddled with six point three billion dollars in debt and with this prospect theorem Peabody is telling investors that it has quote substantial doubt , stay in business , the company has fallen on hard times demand for it main product plummet due to environmental concerns and tough competition from cheaper natural gas , stark has plummeted to all the way from a record high of more than thirteen hundred dollars a share almost a decade ago to just over two dollars on Wednesday , Peabody does file for bankruptcy it will be the latest in a long list of fellow Paul minor struggling just to stay alive