Whoever hired new CEO hasn’t figured this out. He’d be great leading a toy company.
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We have a former hair dresser and a former dental hygienist leading other depts. Seems like unqualified is the norm at chap.
More bad news on Chaparral. Looks like they are preparing to default on the revolver.
CHK is currently having big layoffs. CHAP is next. AMR just sold for 33% less at 220 million. That places CHAP at a value of maybe 40 mil? I bet BCE buys CHAP for pennies on the dollar.
Stock from $20 plus down to $0.29/share?! Done...
I’ve never worked for this company but I had friends who have before. It sounds the leadership is not great! I thought they just filed for bankruptcy around 2015 or 2016.
Look at the whole executive team. They have all come from failed or failing companies. Says it all about the overall ability to guide this company away from bankruptcy part 2.
Take a look at the stock price. It is a toy company.