Most all attempts are grid storage have resulted in BK for that company...there is no need for it currently with energy costs in decline and an over abundance of all fossil fuels.
Yeah it definitely does not take that kind of CEO pay to run 500 people....they need to sell this to a competent suitor, who can turn things around, sad, very sad.
More pain this week, position yourself for a gap up on Tuesday, just not here with this slug....
I would love to get back in at 1.63 again....maybe 1.59 WED, as this is a short holiday week, and prob all sellers with Russia bailing out Greece, cause no one else is going to and Russia has a new home against NATO missiles....all a big chess match.
And the weak shall inherit the earth.
What makes anyone think the US debt is "payable", corruption rampant throughout the globe, and Puerto Rico is part of the US....if Obummer was a smart cookie, he would transfer a hunk of the US debt to PR and let them fold, just one person observation. There is a good reason existing home sales are so high.
Could see ARTX in he 2.30's which I would nibble, but falsified info from China changes the GLOBAL Condition.....Ruh-Roh Time to Scooby Doo into cash...commodities are falling fast.
Then play UWTI... I have been crushing UGAZ... but it all depends on...wait for it IRRaan... that's how they pronounce it..I should have bought UWTI at 3.19 Friday and had my finger on the trigger but this Iran deal the US is jumping through hoops to pull off scares, me, for the simple reason I think Israel is going to bunker blast them., and then there is Russia, the new bully on the block, and Greece will be foreclosed on by Japan...LOL
The Street:◾Net operating cash flow has significantly decreased to $423.00 million or 67.23% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
◾Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 59.08%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 1159.25% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
◾CHESAPEAKE ENERGY CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CHESAPEAKE ENERGY CORP increased its bottom line by earning $1.83 versus $0.68 in the prior year. For the next year, the market is expecting a contraction of 109.8% in earnings (-$0.18 versus $1.83).
Seeing that you are vested in ARTX, not telling you what to do, but I would not make the same kind of mistake twice...they have been selling off assets to pad the bottom line...past owner of shares in at 19 and out at 28..yrs ago when Aubrey was in charge. Management has always been a question even w/ new BOD members from large investment player(s)...FYI. Watching them for now as EXXON-may want them..
Stay away from CHK, they are not doing very well, high short interest and here is why:
The problem for shale drillers is that they’ve consistently spent money faster than they’ve made it, even when oil was $100 a barrel. The companies in the Bloomberg index spent $4.15 for every dollar earned selling oil and gas in the first quarter, up from $2.25 a year earlier, while pushing U.S. oil production to the highest in more than 30 years.
You can get them for 9 shortly. SD , HLK, a lot of the down stream pipelines, are ALL losing money daily.
They will follow coal, down down down.
How can a BOD and management get so "Out of Touch" with Wall St and it's investors, unless you are doing it on purpose.
Maybe you are right, purpleboys, I will keep it at, silence is golden. But still fun to watch the ship sinking. Good Luck.
In a free fall, with no relief in sight...I really like watching this company and stock flush down the toilet...gives me some satisfaction for the money I lost previously. Good riddance.
I thought not. This company is a joke and will never see 4.00 again much less the soothsayers predictions(what is that really based on, performance...LOL) on 5.50-6.00...Good Luck....