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Gold/Mining/Energy : Mirant Corporation (MIR)
MIR 23.77+0.1%Dec 29 3:59 PM EST
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To: Asymmetric who wrote (188)2/17/2002 5:40:28 PM
From: Roger Bodine  Read Replies (1) of 903
 
It looks to me like MIR is going strong and conservative. Buying their stock is higher than selling. They sold assets in Germany that gave them a lot of cash.

Here is part of an article...

"PRUDENCE VERSUS PROFIT

Running out from under the Enron avalanche, and faced with a slowing U.S. economy
and slumping energy prices, power and gas traders have increasingly put prudence on
an equal footing with profit.

That extra measure of caution is also part of a broader trend among energy companies
anxious to distance themselves from Enron's high-flying legacy and reassure investors
that their own balance sheets contain no unpleasant surprises.

To back their words, a host of companies have announced non-core asset sales, debt
reduction plans, capital expenditure cuts and management structure changes.

Atlanta-based Mirant Corp. , Arlington, Virginia-based AES Corp. , Houston-based El
Paso Corp. and San Jose, California-based Calpine Corp. , have been among the
companies to announce plans to rejig their operations.

Their belt-tightening also comes amid generally stricter lending standards aimed at
reining in soaring private and corporate debt levels nationwide, industry analysts said."

(long MIR)
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