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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (13577)	7/19/2002 8:06:51 AM
From: KyrosL	Read Replies (1) \| Respond to of 19219

mm, this may sound crazy, but I love Mirant down here. In particular their convertible preferred, which is yielding close to 15%. The risk here is that CA will kill them, but the reward is an easy triple, if CA works out OK, which I think it will. Mirant was the first to issue stock, sell assets and tidy up its balance sheet. They now have a debt to equity ratio equal or better to some A-rated utilities. And apparently they may be one of the few remaining players in the energy trading game. Even Dynegy withdrew from that. For the more risk averse, almost any regulated utility with no exposure to energy trading is a buy down here, IMO. Kyros