Jim Chanos - a bell-ringer in 2009 when he said there was nothing left to short - says there's...

|By:, SA News Editor

Jim Chanos - a bell-ringer in 2009 when he said there was nothing left to short - says there's plenty to keep his firm busy now. Avoid leveraged natural gas companies "like the plague," he says. Their balance sheets may look okay thanks to perverse accounting rules, but cash flows tell a different story. "It's a pretty good bet" he's short any leveraged players that were buying gas properties 5 years ago and looking to sell now.