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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (14652)	11/7/2002 2:01:16 PM
From: energyplay	Read Replies (1) \| Respond to of 206127

TE -if the rumour is close to true, TE will edge down to the 11-12 range, and I may start buying then.

To: energyplay who wrote (14652)	11/7/2002 6:17:31 PM
From: energyplay	Read Replies (1) \| Respond to of 206127

TE chart & A definition of term out - not sure if this is correct - From Investopedia.com - Term Out The transfer of debt within a company's balance sheet without acquiring new debt. This is done through the capitalization of short-term to long-term debt. By changing the characteristic of debt on the balance sheet, companies can improve their working capital situation as well as take advantage of lower interest rates based upon the belief that they will rise in the future. From Breifing.com - 1:32PM TECO Energy downgrade details (TE) 13.56 -2.67: --Update-- As reported at 11:46, UBS Warburg has downgraded stock to Hold from Buy. The downgrade is based on increased uncertainty about co's ability to contract output from two large power plants that will become operational in 2003. Firm also increasingly concerned about co's ability to obtain adequate long-term financing at reasonable costs. *** MY comment - TE probbly has a bunch of short term debt which will come due soon, and in the present environment cannot turn it inot long term debt, either because of interest rates or because of restriction of prior long term debt. SO they either have to find a sugar daddy lender, or cut the dividend for a while to pay off/pay down the debt. TE did an additonal equity offering recently, so I would think they have enough cash - but something must have gone wrong (like the new power plants, or a more restrictive accountant). I'll post any details I find. Check this chart to see the difference - Chart comparing TE (abnormal) with NOR (normal pull back) - finance.yahoo.com