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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (11708)	1/4/2001 12:50:47 PM
From: Ryan Hess	Read Replies (2) \| Respond to of 78553

It may behoove us to follow the situation. I am wondering if subsidiary companies are shielded. EIX is trading at say 2.5 to 3 Billion market cap while their EME subsidiary has 2.9 Billion in Shareholders' Equity with positive cash flow. I anticipate EIX goes lower than 8 EME SEC filing sec.gov I am glad Paul Senior got out... I have a document showing PG&E set up a ring-fence structure around certain subsidiaries to maintain their separate credit rating with Standard & Poor's -- the objective of which is to limit the ability of the parent to access the assets of the subsidiary or to cause the subsidiary to file for bankruptcy protection. What a mess. Ryan