Discussion in 'Stocks' started by mutluit, Nov 11, 2012.
I think CHK (Chesapeake Energy Corp) will have to file chap11 protection..., ie. bankruptcy...
Carl doesnt think so;
Icahn Buys a Stake in Chesapeake Energy
By BLOOMBERG NEWS
Published: May 25, 2012
Carl C. Icahn, the billionaire investor, bought a 7.56 percent stake in the Chesapeake Energy Corporation and demanded a new slate of directors amid growing shareholder concern about the companyâs management.
b/c....? the high debt levels? i trade off price but have been following this story closely - chk has a lot of debt but they have a lot of assets to pay off the debt. companies only file ch 11 or 7 when they don't have enough assets
Wasn't it the same with ENRON?...
The problem is that lives of an ordinary people are at stake...
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