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Gold/Mining/Energy : Mirant Corporation (MIR)
MIR 23.83+1.8%Jan 2 9:30 AM EST
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To: Softechie who wrote (195)2/20/2002 8:31:12 PM
From: petekoby   of 903
 
It is irrational selling.I still think to play mir is safer and more profitable by buying mir-a. It is 1.83 convert. You control 1.83 share and getting paid around 33% on balance of value or total around 12%. Mir did reacted to change of available capital market earlier than aes and sits on alot of cash now. Also they are burning 100-150 mil per month on capex and new assets. But they have solid plan to survive and prosper. 50% debt to equity is few years away. May be in time when we will have shortage again
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