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

To: buffaloha who wrote (1293)	1/15/2002 11:25:42 AM
From: CJ	Read Replies (1) \| Respond to of 1433

<<Well, 33% of profits, and......possibility of buyout or 45% after 5 years is something. On a business that generated revenues over $100 Billion,....>> Just here for a min; but, I agree with you. I see this as potentially very good for Enron; actually far better than cash "upfront." Depending on how much of its previous trading it gets back, plus any new; and, the other assets sales that are taking place worldwide, the 33% of profits could satisfy the remaining debts, and return the Co. to the "cash cow" you suggested. Thanks for your post, Buffahola, and to others for the prior ones. Will be interesting, indeed! Regards, Carol

To: buffaloha who wrote (1293)	1/15/2002 5:13:34 PM
From: Smart_Money	Read Replies (1) \| Respond to of 1433

buffalhoha, to say "ENE may emerge from bankruptcy as a cash cow" you must be clueless. ENE is history for current stockholders. ENE does not even know the whereabouts of executives "Indeed, at a bankruptcy court hearing earlier this week, it was revealed that Enron does not know the location of 79 of its top executives or even if they still work for the company." forbes.com

To: buffaloha who wrote (1293)	1/15/2002 8:59:02 PM
From: jjs_ynot	Respond to of 1433

Well your "cash cow" has creditors writing off 100% of their loans to ENE and that was before they got nothing for their trading business. UBS wouldn't even let them keep any equity position, just a promise of possible future profits. Withou ownership, ENE can't control (cook the books) the accounting of profit. Have you ever noticed that movies never show a profit, so that all of the people with a percentage of the profit never see anything?