If you have a dangling link in /etc/init.d, chkconfig reports, "/etc/init.d: No 
such file or directory".  It should report the name of the specific file it 
couldn't read, not the directory name.

I try to resist editorializing, but I must say that this is not the first lame 
error-handling problem I've found in chkconfig.  To whoever wrote this package: 
Come on, guys, proper error-handling is not rocket science.  Get it right.