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

To: Oeconomicus who wrote (227)2/21/2002 11:01:06 PM
From: Softechie  Respond to of 903
 
Take a look at the earnings and cash flow statements and calculate the margin. Without additional capital financing, it's going to be tough. Fricking AES threw a bomb when this sector was about to recover. Now you have AES selling assets for $1B-$1.5B to raise liquidity. I hope it's the last bomb in this sector. After Enron fiasco, we had Calpine, Reliant Resources, and now AES. Valuation may have to come down on the assets sale though.



To: Oeconomicus who wrote (227)2/22/2002 3:09:36 PM
From: Paul Senior  Read Replies (1) | Respond to of 903
 
This post helpful to me. I've added more MIR today after considering your conclusion, viz.: "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?"

MIR seems like a good bet to me at current price.

jmo

Paul Senior, who
has been wrong many, many times
(as evidenced perhaps by starting to buy MIR in the teens)


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