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Thursday, April 26, 2012

Letter to the Chesapeake Board of Directors

We think it is time for a change at Chesapeake, and clearly we are not alone.

We think the asset value is far greater than the current share price, but we think the current Board of Directors and the current CEO have shown too many times that shareholder interest is not priority number one.

To blow off some steam we sent this letter to Chesapeake today:

1 comment:

  1. This is just the type of news that can cause a stock's share price to plummet without any change in the underlying assets. We can only hope.

    SEC starts probe of Chesapeake CEO's well stakes

    http://www.reuters.com/article/2012/04/26/us-chesapeake-idUSBRE83P0PX20120426

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