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Chesapeake Energy Corporation Message Board

  • advisor321 advisor321 Jan 31, 2013 6:57 AM Flag

    Uncle Carl strikes again

    This whole scenario sounds just like what Carl Icahn did to Biogen Idec a few years ago. I should know. I worked there. Here's how everything went down...
    1. He bought a large part of the company.
    2. He bought more.
    3. He took over the board, having a few of his henchmen "elected" to it. Directors in the company started "leaving" for odd reasons.
    4. The CEO Jim Mullen suddenly announced he was leaving the company. (Sound familiar?) Carl elected a new CEO who he knew.
    5. Carl Icahn ended up selling all his shares, but the company's stock stayed strong to this day.

    BIIB stock price before Carl Icahn, about $40/share. Today, just a couple years later, about $155/share.

    My advice...BE PATIENT! Hold or buy more! Let "Uncle Carl" work his magic.

    Sentiment: Strong Buy

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