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Chesapeake Energy (CHK +4.2%) pops higher at the open after Friday's news of Carl Icahn's 7.6%...
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Tuesday, May 29, 2012, 9:38 AM ETChesapeake Energy (CHK +4.2%) pops higher at the open after Friday's news of Carl Icahn's 7.6% stake and his call for replacing at least four current board members. Oppenheimer believes rejecting Icahn's demands would prove CHK's board has not upheld its fiduciary responsibilities and would further discredit the board and CHK management.
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This news story has 5 comments:
But being realistic, this stock probably has a long road ahead of it before it gets back to realistic value. I feel for the small inexperienced investors that got panicky and sold out. They have yet to learn that you buy shares when no one likes the stock and sell when everyone likes it.
Bob Doeden
That I didn't break the bank investing in this one. But I think you're right - there will be quite a long wait on this one, but that's ok, I bought it to be a long investment.
That's ok, let them talk it down, gives me more time to weigh my options and research some others in this sector.