GREY:CNKEF - Post by User
Post by
stockfyon Jul 21, 2017 4:35pm
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Post# 26496684
New Bullish Article on Chinook (CKE) a.k.a. "Financial Rock"
New Bullish Article on Chinook (CKE) a.k.a. "Financial Rock"I quote from the article:
"Far more important is the cash balance of the resulting company. That a C$22 million balance is about one-third of the market value of the company. It provides some downside protection for the common stock. The current ratio is now more than 3:1 with no long term debt. This has become a very different company. It is now a financial rock. The market needs time to get used to that idea." The full article: Seeking Alpha: Chinook Energy Is A Very Different Company Now