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

To: geoffrey Wren who wrote (14564)	6/6/2002 12:36:55 AM
From: LauA	Read Replies (2) \| Respond to of 78711

EP is NOT being sued by California as you post. The suit is against El Paso Electric which has NO relationship to EP. Red Davis may get elected because the Republicans are running Bill Simon who appears to be a right wing wacko. These lawsuits are problematic. At the time Davis was doing electric deals I happened to be working on an electric generation/storage/transmission project. Davis 'freaked' and behaved the way any rookie investor would. The 'old hands' took advantage of his hysteria the way market makers will do. Pricing is all screwed up via these contracts. I doubt that the lawsuits will be settled by November. I don't think that Davis will push real hard because he behaved so badly during the energy crunch, and he should want voters to forget. What do you say about a governor who is able to blow a huge surplus by subsidizing everyones electric bill? Today poor folks go hungry because they kept my rates low. Sad. Very sad. Stock price has recovered to $24. I would not be surprised to see it slowly rise back to $30's as they shore up their balance sheet.