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Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (479)	11/9/2001 1:18:10 PM
From: Douglas V. Fant	Respond to of 1433

Madharry, Re ENE your points are well taken that some more accounting adjustments may be necessary. On the other hand where else can you buy a stock with a US $100b annual run rate for $8/share? That a P/S ratio of about 0.04- About the lowest I've seen. That tells me that regardless of what ENE's problems are, you can cut and paste that revenue stream, move assets and reshape the company nicely.... In fact I just doubled my position in ENE.....