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Strategies & Market Trends : 50% Gains Investing
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To: Dale Baker who wrote (33298)4/22/2003 12:38:41 PM
From: WhatsUpWithThatRead Replies (1) of 118717
 
FWIW, from David Peltier on RealMoney (v interesting full article covering a number of 'way down energy companies):

Calpine: This company just seems to be digging itself into a bigger and bigger hole. It has $579 million in cash on the balance sheet vs. the year-ago $1.5 billion, and short-term borrowing increased last quarter to $1.651 billion. Calpine is burning through what operating cash flow it has managed to generate. This is one single-digit midget that should probably be avoided.
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