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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (3668)	8/13/2000 8:59:28 PM
From: The Reaper	Read Replies (3) of 13572

Re: <Utilities Yup Yup Yup- safe haven and maybe 5% avg per year. One needs more to just stay even with hidden inflation.> I think there is more going on in the utes besides "safe haven" money. Living in San Diego, I've seen first hand what's going on with electricity deregulation. Electricity bills have tripled in the last three months. I refer everyone to REI. They are an owner of a lot of generating capacity based out of Houston. Stock has been relentless in its upward move and I think the reason is not just defensive in nature. Going over their financials ending June 30, their wholesale business, which supplies electricity to markets like the California grid, saw profits rise from $9 million for the three months last year to around $180 million this year's period. I can't wait to see the results from the current quarter since our rates have continued to skyrocket and it has gotten hotter here in CA. This is just an idea outside of the technology sector that might provide some explosive upside over the remainder of the year. Do your own DD. kirby

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