SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (22364)5/8/2003 9:09:55 PM
From: aniela  Respond to of 206326
 
dabum,

i think it is 60 days at the max for the refi on MIR. That's what i remember from the CC.

wiesia



To: chowder who wrote (22364)5/8/2003 9:11:56 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 206326
 
The fact that Kyros won't touch the MIR common at any price here scares me away from even a trade. Like many if the gap close and we get back sub 2.25 I may consider it, but probably not. I'd rather play with TE, DUK, CNP or RRI. At least if something goes wrong I don't mind owning those LT.



To: chowder who wrote (22364)5/8/2003 9:12:38 PM
From: Broken_Clock  Respond to of 206326
 
Good volume on all 3. MIR still held down from the rest until the refi, and Q1 earnings. If MIR opens a few pennies higher than todays high and can close higher leaving a gap, all on good volume, I will consider adding more. What I especially liked from a trading perspective is:

MIR, CPN, RRI had a good rebound today on volume despite a torrent of negativity, including a down day on the street. A few months back these guys were getting crushed on any news. Now they are weathering the bad news.



To: chowder who wrote (22364)5/8/2003 9:23:50 PM
From: Archie Meeties  Read Replies (2) | Respond to of 206326
 
At this point in the game, shouldn't we stick with something stodgy and reliable, like the OSX? -g-



To: chowder who wrote (22364)5/8/2003 11:09:28 PM
From: Broken_Clock  Respond to of 206326
 
Great quote on MIR from a bagholder...I mean bondholder. -g-

"This situation is complicated because there are inter-creditor issues with respect to who has the rightful claim on assets, but, at the end of the day, it's in everyone's best interest to cut a deal. And now the market reflects a much greater likelihood that a deal will get done," said one Mirant bondholder, who wished not to be named. "It just doesn't make sense to go through a bankruptcy. It's a more valuable company if it's given time to survive and wait for the energy markets to recover."