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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 (139)	9/23/2002 1:03:13 PM
From: boaf	Respond to of 3358

Here is a synopsis of why these stocks have a Zacks Rank of 5 (Strong Sell) and should most likely be sold or avoided for the next 1 to 3 months. Note that a #5/Strong Sell rating is applied to 5% of all the stocks we rank: TECO Energy, Inc. (NYSE:TE) has suffered from some market reports that have called into question its future earnings and dividend payment outlooks. Last week, the utility holding company announced that it would accelerate its 2003 budgeting process and respond to the reports in the next few weeks, but analysts are staying cautious. For this year, the company's earnings estimates have only fallen by two cents in the past three months, but next year's estimates are down by approximately 21% in the same time frame. If TE can clear up the market's concerns, then the company should be able to rebound nicely once the turbulent energy market stabilizes. However, it's probably best to play on the safe side and put your money into more stable issues until TE's earnings estimates come around. from Zacks 23 Sept........thought it may be of some interest