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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Michael Young who wrote (10234)	10/31/2001 3:32:49 PM
From: James Strauss	Respond to of 13094

Mike: Here is the profile of ENE: biz.yahoo.com Merrill Lynch seems to like them... 1:37PM Enron Corp (ENE) 12.60 +1.44 (+12.9%): --Update-- Merrill Lynch performs a NAV analysis of Enron. Including off-balance sheet financing (that firm is aware of), Merrill arrives at NAV estimate in the $16 to $24 area. Estimate could prove conservative as it does not include cash balance or the current net trading position. Thinks that once the air clears and credibility begins to return, ENE will ultimately return to a more traditional valuation. Employing a discounted 13-15x P/E on firm's 2002 est of $1.90-$2.10 produces valuation of $24.70 to $31.50. I don't own the stock but would buy it on a technical basis if it dropped to the 7.00 to 8.00 area... Jim