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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (21580)7/1/2005 4:48:48 PM
From: Paul Senior  Read Replies (2) of 78774
 
MCsweet, about EGR: You are right. I misclassified it.

Here's how they classify themselves:

From their website:
"We are the largest non utility affiliated retail marketer of natural gas and electricity in America. Founded in 1997 as Commonwealth Energy Corporation, we have steadily grown from our early California roots to where we now serve customers in nine states and 17 utility markets.
Our focus is on being the best retail energy company in the business. We are not a trading company, and we are not a utility. Retail energy is our sole focus."

Some additional descriptive info. here:
commerceenergygroup.com

==================================================

I've been re-entering EGR based on this 6/14/05 p.r.:

"At April 30, 2005, the Company had total assets of $101.2 million, stockholders’ equity of $72.4 million, unrestricted cash, restricted cash and deposits of 53.9 million and no long-term debt. The Company believes its liquidity is adequate to meet its current operating obligations.

...and this

finance.yahoo.com

(i.e. market cap is $50.6 million)
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