Chesapeake Energy...

There was a long thread about CHK about 2-3 pages back. I got in at 16.04 week before last. It closed today @ 16.52 fwiw, not mid 15.

From purely an asset standpoint, I have some comfort in thinking they will not totally go under. I remember seeing asset valuations that had bloggers giving price targets in the 40s, 50s and even 60s last fall. Of course, a lot has changed since then. I am long CHK right now, keeping my reader on CHK a lot.

I've looked at their financials a bit and I like the fact Carl Icahn is on board (which if you didn't know is the reason they are electing new board members; he wrote an open letter demanding them). It is a buy rating in my book. It could go lower as oil and nat gas head further south if no QE quick fix is up for play, but honestly the stock has been beat to hell over the last year so picking it up now isn't that terrible of an idea. It really depends on your risk appetite, how much you are willing to buy, your time horizon, the rest of your portfolio, etc.