Not looking good right now. I look at my Merrill account with disgust.
5 replies (most recent on top)
Lol, if you still have CHK in your 401K, you probably made the worst mistake of your life. Unless you started buying in at $3 and expect it to double/triple, but many of us weren't so lucky since they used to match only in CHK stock. Trash.
Z68WIRc-3iww No one says that or thinks that. Lots of great people have been let go. Those were probably the lucky ones.
It's amazing to me how those who are still at CHK continue repeating the mantra that "if you're still at CHK you are somehow superior, but if you aren't, it means you somehow came up short and deserved to be laid off (fired)." Well, that is until they get fired, at which point they join those on the outside who have a much more accurate perspective about the systemic dysfunction that pervades 6100 North Western Avenue. Happens more and more frequently these days and will continue right up to the day when CHK is subsumed under a much larger, albeit foolhardy E&P player.
The performance of this stock is one of the worst I have ever seen in my 33 years in the market. And the compensation packages for uppermost management are borderline criminal as far as I am concerned.
We'll be alright. There is always Uber and Lyft; and of course don't forget Grubhub.