When Good Spinoffs Go Bad- A Lump Of Patriot Coal In Every Stocking

Spinoffs are supposed to be a clean break; an opportunity for two new companies to seek their own fortunes.  But, as David Nicklaus points out at the St. Louis Post Dispatch, when things go sour with the child, the former parent may still be on the hook. He writes about Patriot Coal (PCXCQ) which was spun off from… Read More »