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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Larry S. who wrote (14673)	11/7/2002 9:27:52 PM
From: energyplay	Read Replies (2) of 206131

TECO also recently did an equity offering. Evidently it wasn't enough. I look at what I could for TECO bond prices. There were a lot of offers of TECO bonds. Yield to maturity for Teco bonds was higher than TXU (TXU was at 9.7) - which is in trouble. Baa2/BBB- TECO 2007 yield to maturity 9.711 (other offers had y-to-m of 8.091 and 7.727) Baa2/BBB- TECO 2011 yield-to-maturity 10.353 Baa2/BBB- First Energy 2006 yield to maturity 5.528 Other BBB- utilites ran between 5 and about 7 y-to -m Go to bondsonline.com , go to Corporate bonds, (you may need to hit okay on the security pop-up), select Baa/BBB from the pull down ratings, click a dot in the yes column for UTILITIES , and the no column for the rest. Something is really wrong - bondholders don't dump unless there is a reason (most of the time). I will probably sell the rest of my TECO tommorrow.

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