CPN: Calpine Corporation Message Board

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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.73

+1.7%

Nov 6 3:59 PM EST

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To: Donaldm who wrote (385)	3/7/2002 10:05:22 PM
From: Bob Rudd	of 555

<<The rally has been driven by colder winter weather>>It's amazing the 'analytical' community couldn't see that earnings should be figured on an averaged price for spark spread, rather than taking a brief favorable or unfavorable weather spell and extrapolating it to permanance. I thought maybe they knew something...adjusting valuation models down based on a temporary sag in prices. Now I see how incredibly short sighted the view is. It's like selling a prosperous restaurant at a huge discount because the lunch crowd was slow for a coupla days due to nasty weather.

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