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Chesapeake Energy Corporation Message Board

  • jrnikto jrnikto May 14, 2012 3:58 PM Flag

    CHK has debt of $22 per share

    Not good. Cut the Ceo compensation.

    Possible Greek Bankruptcy Tomorrow

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    • Once again...have to go thru 'accounting'...Now remember, there's the liability side of the ledger...and the asset side (gotta net them out to find the NET VALUE).

      ***it’s sitting on more than $50 billion in assets ...go figure out what that is, per share.

      IF YOU NET THEM OUT...you come up with about $10 Billion...AND RIGHT NOW, that's actually the listed market cap of the stock...at current prices (but given the market cap and the fact that it's selling for about 0.6 times book...tells me it's UNDERVALUED relative to many others....APC is at a 1.6 times book.)

      But yes, they have some short term issues...but if they wanted to, they could just sell assets and pay off ALL the debt...and then there would be no 'covenant stuff', which is tied to debt...I wish they'd sell lots of assets and just climb out from under the debt...and go foreward as a 'reg' company...plain vanilla...

      BUT NET NET...worth $10 Billion, free of debt.

    • world over, everyone including home owners have 20-100% debt.

      count yourself lucky if you don't have 100% debt.

    • 22 minus 15.60 doesn't make for a good stock price....

 
CHK
8.00-0.15(-1.84%)4:01 PMEDT