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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (32960)12/6/2008 11:08:26 PM
From: Spekulatius2 Recommendations  Read Replies (1) | Respond to of 78644
 
CHK - same old same old. When you look through the numbers it is clear hat the operating cash flow does not cover Capex. It never did with this company. They are counting on assets sales to make up for the negative free cash flow.

Including the debt, CHK is not cheap with 4.8x EBITDA/EV. XEC for example is a reasonably well managed NG company that is way cheaper and not in any danger of going out of business.

CHK hsa shelf filing for 1B$ worth of shares open, which can be sold whenever it is needed. CHK needs a CEO that is better with numbers.