Our fearful leader who ran the finances so great that we went bankrupt, was recently telling wall street that CHK stock was undervalued. Today it is about $20 less than it was when he stated that. You can’t make this stuff up. He mismanaged the finances before and misled the internal employees to buy more stock to continue to kick the can. Now he is at it again by saying it’s undervalued. I recall being told that it was just the analyst that misunderstood the company and that we were fine. Only to loose a large portion of my 401k.
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The day the equity owners (I.e. banks post-Ch.11) decide that it’s time to sell off and recoup their initial $ 7.2 billions “investment”, many people will have a shocking awakening.
I get a little bit back every week in time and supplies. By the way, we need more AA’s and AAA’s in bld 15.