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To: patron_anejo_por_favor who wrote (60013)1/19/2001 8:53:52 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Little known fun facts: Goldman has BOTH PCG and EIX on their reco list. Dude shore knows how to pick 'em!!<G>

quote.bloomberg.com

Goldman Sachs analyst Jonathan Raleigh has kept the firm's highest rating on
PG&E Corp. and Edison International even as the owners of California's two
largest electric utilities have defaulted on debt and depleted their cash.

Raleigh put Edison and two other utilities on the ``recommended list'' on Sept. 12
after sifting though dozens of companies and presenting his ideas to the firm's
stock selection committee, which includes Greg Ostroff, head of global research.
Two weeks later he added PG&E, which had been rated ``market perform.''

``Raleigh's in a difficult position,'' said Henry Cavanna, who manages about $7
billion at J.P. Morgan Fleming Asset Management. ``He recommended the
stocks and they have done really poorly.''

PG&E has fallen 61 percent and Edison has dropped 64 percent since Raleigh
put them on the top-pick list, which contains about 310 companies. Shares of
both companies slipped below $10 this week, with PG&E falling 11 percent and
Edison losing 12 percent.


HO HO HO! Got dartboards (or pigeon droppings on the IBD stock listings?)

EDIT: And as far as "Raleigh being in a difficult position"...well, it ain't half as difficult as the bagholders (probably "widows and orphans" who bought that crap on his reco, and held on to it all the way down!!

Got Farrow-Tech? Or Wobistics?<G>