Ackman and Harrison used the work consolidate, but had every intention to liquidate. No reason for it at all, Ackman has been doing poorly with all his investments. This would have been the boost he was looking for.
Everyone has an opinion, and nobody really knows. I still believe that if this thing was gonna run, it would have done so already. Of course CHK was lining themselves up for BK protection, and then it took off! You just don't know, but I can't see earnings being real positive either.
They add an additional 250,000,000 shares now, and they do the big reverse split later. Seen this movie way too many times.
I believe they were warned about compliance last fall sometime. Since then, I haven't heard a thing.
I understand that, just looking at US STEEL perform. At the same time plants are still shutting down or idled around the country. China's economy also effects ours. Pull your own head out of the sand, it won't rebound overnight, its gonna be a while.
CLF won't come close to $12 until the steel industry actually rebounds. Right now plants are either being idled or shutdown all together. Its gonna be a while.
Out of the long list of shippers out there, DSX is probably performing the best even though it isn't pretty. All are pretty much in the toilet.
I doubt it will help. JF pulled FRO out of the mud, got it in the $3 range, and still did a R/S. Willing to bet he will do the same here.
I'm still holding back watching the price of oil myself, Iran is about to come into play.