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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Chesapeake To Strip CEO Of Chairmanship, Halt Well Deals-Bloomberg 1 comment
    May 2, 2012 10:27 AM | about stocks: CHK

    While I'm happy to see that the board has taken some action and has split the Chairman and CEO roles, I don't think this action went far enough. McClendon has abused his power to an extreme extent and I think that it would be in shareholder best interests if he were to step down. Chesapeake (CHK) has wonderful assets that might fit better in a more diversified major producer, as any capital moves the company makes with natural gas prices this low are likely to be damaging to shareholders.

    http://www.bloomberg.com/news/2012-05-01/chesapeake-energy-to-strip-mcclendon-of-chairman-role.html

    Disclosure: I am long CHK.

    Stocks: CHK
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  • Ugly day I'd like to forget,oh Bartender?
    2 May 2012, 05:08 PM Reply Like
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