Dividends4Life: Stocks I'm Ready to Dump

Stocks I'm Ready to Dump

Posted by D4L | Friday, November 18, 2011 | | 0 comments »

Most of the time people talk about spring cleaning. But you know what? The weather's turning cold, the markets are a-movin', and my Motley Fool CAPS portfolio is a little too crowded. That means it's time to show the door to a few stocks. But which stocks get the boot? Let's turn to a company where I simply don't trust management.

Chesapeake Energy (NYSE: CHK) In early 2008, natural gas prices were soaring, Chesapeake was raking in profits, and its stock looked particularly cheap. CEO Aubrey McClendon was a very handsomely rewarded executive, but he also owned a significant stake in the company -- something that I generally see as a very positive sign. A lot has transpired since early 2008. In early 2009, the company's overcompensated board revealed who they really work for when they awarded McClendon an indefensible compensation package after he'd gambled away nearly his entire stake in the company

Source: Motley Fool

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