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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Stockdoctor who wrote (2125)	10/30/2001 11:28:50 AM
From: Softechie	Respond to of 99280

*Enron loss streak to reach double digits (ENE) by Tomi Kilgore Enron (ENE) is sliding $1.71, or 12 percent, to $12.10, poised to extend its losing streak to 10 trading sessions. The stock has hit an intraday low of $12, a level not seen since January 1993. Adding to the mounting woes facing the company, Moody's Investor Services lowered Monday its rating on the company's long-term debt to Baa2, and will remain under review for another downgrade. Analyst Duane Grubert at Sanford Bernstein nevertheless maintained his "outperform" rating on the stock, saying the company's race to shore up liquidity supports a capital partner or takeover scenario. He noted, however, that these are "relatively time consuming" solutions. "In the mean time, while we believe Enron can remain independent, the idea of a takeover is put forth and supports logic that Enron's share value should not fall further," Grubert said in a note to clients. Ongoing portfolio rationalization and options including sale of the legacy pipeline business or teaming up with an integrated major oil company for balance sheet support should eliminate the case of Enron ever facing bankruptcy."