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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (137)	9/23/2002 8:43:16 AM
From: KyrosL	Read Replies (2) \| Respond to of 3358

I agree with you that ILA is different than other regulated utilities in that its brush with trading and IPP has destroyed its stock price. I doubt that it's a 10 bagger though. My estimate is that it will years before it goes much above the low teens, so it's a 3, maybe 4 bagger. Lots of equity has been destroyed at ILA by management stupidity and greed. The good news is that management seems to have come it its senses -- by necessity. I have a good size position in ILD, the bonds, and a modest ILA position. I also agree with you that Teco is another victim caught in the IPP debacle and is now at very attractive levels. I think I'll start nibbling. Please add it to the portfolio. Kyros