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Inside Investor

Chesapeake: Getting Rid of Bad Baggage

Chesapeake: Getting Rid of Bad Baggage

This company’s had some management problems, but we still like it: Its profits are higher than expected, despite all, and its net income is up 2 cents per share this year, compared to losses of 11 cents last year.

Let’s look at the management meltdown first, and then we’ll get to the good stuff.

On 29 March, an uncomfortable conflict of interest issue saw Chesapeake…

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