You would think oil going up would move this dog. Things must be real ugly in the trenches there. Somebody mentioned Koch Brothers being mixed up here. Does anybody have any details. Just curious. TIA
"and holding Warren Buffett style".
That's the flaw in your thinking. His strategy applies to big blue chips, not a business this size and financial condition. IMO CLMT will be managed by a string of Wall Street predators who will make quick gains until the company is ready to be liquidated or sold out. The reason I say this is that they have become non competitive due to the horrible bets they have made, unless they are able to pitch the losing assets. I think we will have the answer in about a year . GLTA and we will need it..
Stephen Mawer bought 13000 shares on May 18. This adds up to 100k shares for all the insider purchases.
I can't believe that this is all window dressing for these guys.
Sentiment: Strong Buy
You may be right on the Canadian oil. I tend to believe that their paying 11+% to get a loan is mighty steep, suggesting they are desperate. What makes them desperate about the business is a good question, and investors sense that.
What puzzles me about the pps is that on the "rumor" of bad news it crashes fast, and I mean fast. On the news of "good" news it goes up a penny a day, if not down a penny. The insider buying here should have ski rocketed this stock. Oh, well, You gotta have patience so they say! (lol)
Gaawwwwd, I love this stock!!
I just looked up the insider buys so far and these 3 guys bought a total of 68000 shares on the open Market @ about $4.00 last Monday. Not bad!. This is a very good sign and the light is at the end of the tunnel.
EVP Anderson William purchased 10000 shares this past Mon at a price of ......$4.07. The CFO Murray purchased 5000 on the same day. Does anybody think they did this to lose money? hhmmm!
I'm not sure Barron does hold a short position. I think it's the boys that PAY Barrons who have that position IMO.
For those of you who are worried about day to day changes, look at it this way. Carl Icahn is in this up to his neck at a lot higher break even. You can bet your last dollar that he will see CHK back up to where he will be making money. That's why he sits on the Boards when he invests. So, stop worrying, sit back, sip your beer, and enjoy the ride. Just a thought.
I think you ;have your answer today. Somebody knew what you didn't a month ago, and that's the problem with stocks in general. JMHO
You mean he still owns this POS? How much is he losing so far? I bought it at 1.75 and will wait until he breaks even, whatever that is. What a joke!
You have a long wait on this one, at least a year. Looking to add at 4.75, but not in a hurry. My biggest concern is the resumption of the dividend after they straighten out the mess. I have seen it in other places where the dividend becomes history.