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To: aniela who wrote (47345)	3/27/2003 10:13:11 AM
From: Larry S.	Respond to of 53068

in the ipp/utility sector - i like: DUK, TE, RRI, WMB, CNP in that order i consider CPN, MIR, ILA, DYN etc as also runs, though i own some of these too. larry

To: aniela who wrote (47345)	3/27/2003 10:16:58 AM
From: fromBermuda	Respond to of 53068

MIR came out very well in the FERC, no real scars... and they reaffirmed their position of correct and legal activities...the credit downgrade (after the original "warning" which tanked the stock a few weeks ago), should have been priced in.. So for those who were buying MIR at $2.00 mid day yesterday, have gotten a pretty clean MIR in the eyes of FERC, and so it would seem a tempting buy below $1.50 this morning. Unless you think that MIR is going all the way down. (There was less cash referenced in the downgrade than was previously alluded to in earlier cc and I haven't a good answer. Moody's also said operating CF looks bad in relation to debt, BUT they do not have recent numbers...) And MIR have pending the IPO of the highly profitable Philippines operation(already registered there I believe), which could boost liquidity and only slightly reduce reported operating profits. I still like it, but who the hell knows what is under the hood...The refi is unlikely to make much progress until much closer to the July maturity, so I guess it is just more waiting, and exposure to other bad news which may hit the sector. Return to your seats, and tables in the upright position, the captain has turned on the Fasten Seatbelts sign...fB