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

To: Brendan W who wrote (13232)	10/24/2001 4:21:30 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78672

Spek, Wallace, Brendan: re. Enron: Brendan, I've followed you into ENE. At current price the numbers (price/book, div yield, figures you gave) look attractive. With the analyst's uncommon "sell" rating issued and 75 million shares trading, I am hoping most people who want out of this stock are getting out, and the selling pressure will abate. Reflecting on what my business colleagues told me about Enron, I believe I mis-characterized it. It wasn't their point that the Enron managers were just lean & mean. They were MEAN and lean. As in nasty and rough mean - even when they didn't have to be. Apparently carries over to the way they treat shareholders too, as I now see. (cf: Motley Fool ref. in Yahoo news) The company is too big and its people too focused not to be a big force in energy. 18 months from now, the top managers' and BOD's shabby performance will have faded in the background -- maybe. And the stock should/could/might recover. Only a small bet for me though until the the stock steadies and/or I can assess better. Paul S.