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Gold/Mining/Energy : Mirant Corporation (MIR) -- Ignore unavailable to you. Want to Upgrade?

To: Roger Bodine who wrote (189)	2/19/2002 8:33:16 AM
From: Asymmetric	Read Replies (1) \| Respond to of 903

I think business conditions will remain very tough for Mirant over the next several months, if not year or two. The stock trading down at these levels tells you that. If the stock were that much of a gimme as some investors think, the stock wouldn't be selling at $9. The closing off of Mirant's access to the credit/ bond markets is very serious and with other players in this sector all looking to delever all at the same time, asset valuations are sure to go lower. With Calpine and AES both is serious danger of defaulting, IMHO, I am rethinking the wisdom of my purchase of stock in Mirant, even though my buy-in is $9.22. Good luck to all. Peter.