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To: pz who wrote (39596)5/15/2002 4:09:54 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
Paul, MIR - Mirant, is one of the IPP (Independent Power Producers), CPN, RRI, DYN, WMB, etc are its cousins. MIR was spun off from one of the big electric utilities a while back. It has been smeared by the problems of the industry, but has reached its own deal with California for re-pricing the electricity forward contracts negotiated (at gun-point) 1 1/2 years ago.
I believe the whole sector is due for a huge rebound, MIR is one of the top quality names in the group. earnings are still forecast strong, bond ratings have been decimiated by wimpy Moodys. The chart is compelling, the longer term chart even more so: stockcharts.com[h,a]daclyiay[de][pb200!b50!f][vc60][iut!Lh14,3!La12,26,9]&pref=G which oil thread has been talking about it. tia. larry



To: pz who wrote (39596)5/15/2002 8:21:30 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Paul, thanks
MIR has been tossed into the enronitis bin as so many others
MIR DYN WMB RRI etc etc

accounting issues, debt ratings etc

a few of these will survive and double/triple in price
others may not

a matter of finding which ones will come out of the trash bin

I'm going to be out of the country next week so am in culling mode rather than adding any new positions

thanks again