Does anyone believe the layoff was a major contributor to the stock tanking?
8 replies (most recent on top)
Profits ......????? Someone call 911 I may die from laughing so hard.
"Good for the stock price"??? That's a good one!
The layoffs were actually good for the stock price. It will mean more profits to the bottom line.
No
Stock price slaughter mainly due the 2018 guidance that was hinted at in recent press release. Goal is to hold production flat vs. grow it. Until expected Capex is known, market knows we can't repay debt with flat production.
Not to mention that other companies are posting on their sites not to hire ex-CHK employees, especially managers
The debt. Exec compensation. Credibility....etc etc.
Agree with your comments. Chapter 8 is inevitable.