Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (495)	12/30/2002 2:59:17 PM
From: Jibacoa	Read Replies (1) of 1404

RRI Had a good run from its October 18 L of $0.99 to its November 7 H of $2.75 and has now been trading over the $3 level after the FERC decision on December 13 which favored energy suppliers on the refunds owed to California for overcharges.Based on that decision, RRI is owed about $223 million from California.<g> The stock has been selling around 0.13 of book and 0.05 of sales and reportedly has $5.95 of cash/share. The P.E. is less than 2.<g> Analyst consensus target is around $8.70 and estimated next year earnings around $1.60 <g> The stock had a good move on Friday and is up more than 10% today. siliconinvestor.com But in view of the latest news, the R/R still seems favorable. siliconinvestor.com Bernard

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