Wednesday, December 22, 2010
A Monumental Icahn (NYSE: CHK)
Billionaire investor Carl Icahn disclosed his large position in Chesapeake (NYSE: CHK) just yesterday which sent the stock soaring. It is mind boggling that a simple disclosure of position could send the stock skyrocketing yet when countries around the world embrace natural gas and bid for Chesapeake's assets the stock merely stays flat. Stock sage Jim Cramer believe that the assets on Chesapeake's balance sheet could be worth considerably more than what they are being valued at. This is especially true if the rebounding natural gas commodity continues to rise. With strong demand from China and other countries switching to the cleaner fuel ahead of the united States, Carl Icahn will simply be richer than he already is.
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