SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Dynegy Inc.
DYN 17.77-2.7%Jan 9 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Raymond Duray who wrote (87)6/15/2002 10:02:42 PM
From: Jerome  Read Replies (1) of 208
 
Thanks Raymond....here is how I view the matter.

Expected earnings are for $.28 per share. There have many downward revisions in the past 90 days (from $.44)

Sometime in the past few weeks I have read that DYN's earnings were inflated because of the energy trades and that these trades accounted for about 50% of the reported earnings.

The last insider sales were Jan.31.

Of the top 20 holders of DYN stock 19 added to their positions, with the quarter ending in March

Energy trading like off the books accounting will die a quick death from public demand.

So in my mind the question is....can a $8.00 stock be supported by $.27 in quarterly earnings?

With some new leadership, and a new magnifying glass from the SEC....the downside risk is very little.

This is all subjective....as a sideline watch TYC....If TYC continues the stock price recovery so will DYN....both of these companies have all the bad news behind them

JMO...Jerome
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext