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

To: Sweet Ol who wrote (30239)	2/25/2004 5:30:03 AM
From: jim_p	Read Replies (1) \| Respond to of 206085

John, Here are some very interesting numbers for RRI: Cash flow before changes in W/C: 2000 $480,893M 2001 $593,296M 2002 $754,767M 2003 $801,012M Cash flow has gone up in each of the last four years and was $2.73 per share in 2003, which RRI feels is the bottom of the cycle. Cap-X net of asset sales: 2000 $3,013,302 2001 $888,069 2002 $3,486,178 2003 $(1,041,891) RRI generated over $1B in cash from investing in 2003. Net free cash flow (including assets sales) was $6.28 per share. Net borrowings: 2000 $2,721,156 2001 $999,540 2002 $3,980,726 2003 $(2,888,641) RRI paid back a net $2.88B of debt in 2003. Doesn't look like a company at the bottom of a multi year down cycle that should be selling for $6.73 per share to me??? Let's see, cash flow was $2.73 per share, net cap-x was a negative $1B and the company paid back over 31% of it's total debt or $2.88B in one year. At times like yesterday I need to go back and confirm why I have so many darn shares all in one company. Picked up a lot of shares yesterday at $6.65 and I think I'll join you today in buying back more. Jim