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

To: Softechie who wrote (225)	2/21/2002 10:45:45 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 903

Still focused on your margin number? Try looking instead at the trailing and projected GAAP earnings. Last year, MIR made $1.63 per share ($1.95 on an operating basis). This year they'll make $1.60-$1.70 and they're projecting 10-15% growth from there, assuming improved energy markets, but after whacking away much of their CAPEX. We're sitting here with a 4.9 PE, 10-15% growth prospects and no need to access the capital markets. What are you worried about? Bob PS: Tell me again how you get a 1.5% margin. What is the numerator? What period are you looking at?