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Strategies & Market Trends : BAK - Investing

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To: DoggyDogWorld who wrote (2708)5/16/2012 5:16:52 PM
From: Covenant1 Recommendation  Read Replies (1) of 3249
 
Re: CHK never sees a dollar it doesn't want to borrow

If they sell enough assets to repay in 6 months that's 14.5% APR. That sounds more like "investor demands" than investor demand.

CHK would undoubtedly borrow more at that rate if more money was available. CHK has been a great ride for Wall Street, generating boat loads of both fees and interest. Management also rewards themselves handsomely. About the only people left out in the cold are shareholders.
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