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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (13773)	1/25/2002 8:34:12 AM
From: Softechie	Read Replies (2) \| Respond to of 78571

Is Mirant in the same boat as Calpine? You didn't mention about Mirant. How about NRG and RRI? Are they in the same boat?

To: MCsweet who wrote (13773)	4/25/2002 6:20:32 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78571

Started position in DYN. Equity multiples appear higher than other IPP's, but enterprise multiples are lower. DYN's trading unit is top dog with ENE down the tubes...I think that can be a decent business if it's run well. Doubt the SEC thing amounts to much. I've been a pretty good contrary indicator in this sector, so don't follow me into this unless you love pain. Speaking of which, added to TYC below 21 despite believing that cancelling the breakup was monumentally stupid...delaying until market conditions improved, that would have been smart...but the mini-GE story DEAD. Not only is TYC not seen as mini-GE, but the real GE story has quit working. By reporting on the businesses separately and sticking to knitting DK and co may be able to start selling them off in a year to two. I still think the assets are worth more than the price and selling them is the way to get that value.