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Strategies & Market Trends : IPPs and Merchant Energy Co.s
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To: majaman1978 who wrote (820)12/27/2002 10:55:19 AM
From: KyrosL   of 3358
 
My previous post addressed the bonds -- I have MIR and ILA bonds. As for stocks, my opinion is that RRI is much better than the rest, with the caveat that there is a definite refinancing risk which can be exacerbated by events such as a war in Iraq that starts out badly just at the time when refinancing must close. So conservative investors better wait after refinancing -- and of course pay more. I do have a large RRI position, and it is my only common stock among the IPPs.

Kyros
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