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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (2559)	10/29/2001 12:35:13 PM
From: John Pitera	Read Replies (1) \| Respond to of 2850

Hi Arch, The valuation of ENE was certainly too high earlier this year, and there were concerns about it's lower margins and financial statements that could not be understood From May 9th...... Message 15779874 -------The firm's 26-page report, published May 6, highlights Enron's declining profitability and increasing leverage and suggests that the company should trade on the same sort of multiple as a trading firm like Goldman Sachs (GS:NYSE - news - boards), which has a 2001 price-to-earnings ratio about half of Enron's 33 times. OWS also alleges that Enron's earnings quality is poor and that key parts of its financial statements are confusing and opaque. --------- The electricity and Natural Gas markets have been through quite a period of volatility, you're very right about that. Do you think that ENE will survive this storm and continue to be a leading market maker in the energy area? John