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Gold/Mining/Energy : Calpine Corp
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To: Elmer Flugum who wrote (4)9/23/1997 5:43:00 PM
From: kolo55   of 22
 
I understand the current Q earnings are still going to be good.

Curious timing of the downgrade. I'm still hearing good earnings coming. And given the recent plant purchases, I expect that next year will look good. Maybe Morgan Stanley analyst is simply trying to play the seasonality of the earnings.

Paul
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