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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (21999)11/10/2000 9:53:54 PM
From: Ken W  Read Replies (3) of 29382
 
Joe,

I don't have a problem with CHK or CRK at all. I just began to understand hedges by these companies when we bought CHK in the low 4's high 5's before it ran to 8.

Ditchdigger helped me alot to understand how the O and G companies work. Debt is a given as they are in a risky business, but then high risk is generally high reward. <GGGG> Believe me I sweated alot about CHK, but trusted Ditchdigger and Sergio to teach me. (and hold my hand a little)

The only thing I did not like with CRK is the recent convertible. This years earning forecast is for 1.23 with at, say 20 PE, would put the price well over 20, but you have to figure in the 12mm extra shares. Still well above the present price IMO.
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