tag:blogger.com,1999:blog-1527840491496268397.post4513124101488232929..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: An Inflation-Agnostic Trade: Chesapeake (CHK) Preferred Stock (CHKDG)Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-47761943343665868682011-05-19T20:26:55.364-07:002011-05-19T20:26:55.364-07:00Thanks for your thoughts. You may be right, althou...Thanks for your thoughts. You may be right, although my impression is that quite a bit of negativity about AM is priced in already.<br /><br />Incidentally, this trade is not CHK-specific. There are a number of other O&G producers with convertible preferreds that give a free option on hyperinflation.<br /><br />They are pretty illiquid, but email me at ctx_coverage @ yahoo.com and I can discuss.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-40223488398648522722011-05-19T20:09:52.586-07:002011-05-19T20:09:52.586-07:00This is one of those ideas with the potential to ...This is one of those ideas with the potential to be a value trap. CEO Audbrey McClendon has amply demonstrated, through his sale of his personal map collection to the company, through his forced margin sales, through is wasting of corp assets to sponsor the OK Thunder, and in many other ways that he sees Aubrey McClendon as the number one priority of Chesapeake, with common and pfd shareholders somewhere down the list.<br />It will make sense at some point, but my sense is you are early. Risk does not justify reward yet.<br />JRJohn Risnerhttps://www.blogger.com/profile/17818153268871272267noreply@blogger.com