With bankruptcies, St. Louis stocks take it on the chin
(St. Louis Business Journal)
“The St. Louis Index was challenged in 2016 by the bankruptcy filings of SunEdison, Peabody Energy, and Arch Coal, along with…”
January 13, 2017 (Greg Edwards)
“The St. Louis Index was challenged in 2016 by the bankruptcy filings of SunEdison, Peabody Energy, and Arch Coal, along with growing regulatory rhetoric around pharmaceutical pricing, which negatively impacted local firms Mallinckrodt and Express Scripts. On the positive side, the index benefited from Isle of Capri, SunEdison Semiconductor and Pulaski Bank being acquired, as well as from a rally in financial firms such as Enterprise Financial Services and Reinsurance Group of America after the post-election rise in interest rates.”
— Argent Capital research analyst Christopher Struttmann
