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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (7860)	6/11/2002 3:04:16 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

MIR (PE 4.7) near 52 week yet announced a $1.5 Billion deal today. Worth a risk with tight stops? Est. earnings this year = $1.61; PE = 4.7 Mirant and ECONnergy Sign Long-term Energy Supply Agreement ATLANTA, Jun 11, 2002 /PRNewswire-FirstCall from COMTEX/ -- Mirant (NYSE: MIR chart, msgs) and ECONnergy Energy Company Inc. today announced a five-year power and gas supply agreement with projected revenues for Mirant of approximately $1.5 billion. Under the agreement, Mirant will be the preferred provider of wholesale gas and electricity to ECONnergy, which has more than 250,000 retail customers in the Northeastern United States.