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Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether...
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Wednesday, September 12, 2012, 11:54 AM ETChesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether it got top dollar for the Permian Basin acreage; some had expected the sales to reap $4B-$5B (I, II, III). The deal has "helped them climb up the wall in this hole they've dug for themselves, but they are not there yet," Argus' Phil Weiss says.
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This news story has 5 comments:
The stock is worth $80 based on this sale.
An honest evaluation of CHK's assets after the planned $14B asset sales this year is a welcome request from those looking at a potential investment in this company going forward.
(P.S. No Otellini at the AAPL presser...your rumor's time value has hit zero!)