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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32702)	11/8/2008 1:56:37 AM
From: Spekulatius	Read Replies (2) of 78688

FCE-A - it may be cheap but it certainly does not looks safe to me. 900M$ equity with a 10.8B$ balance sheet is almost never safe. plus they have 2.3B$ in new projects coming online in this environment - if for some reason project financing falls apart and they cannot finance with cheap mortgages then they would have to pay pawnbroker interest rates of around 15% or more with their junk rating. Not a bet I would take right now. this could quickly become on of Paul's lottery ticket stocks <ng>

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