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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (22154)	11/3/2004 11:05:16 PM
From: jim_p	Respond to of 23153

Thanks Kb, but the congratulations go to all the American people who have the guts to do the right thing. May all the radical liberals move to France and Germany where they belong. Maybe we can have Redford will them led the way??? Jim

To: kodiak_bull who wrote (22154)	11/4/2004 9:21:17 AM
From: jim_p	Read Replies (2) \| Respond to of 23153

Some positives that came from RRI's release yesterday: 1. Stewart is now on line as of 10/1 and will be reflected 100% in Q4. 2. RRI should have missed due to mild weather, but they came through with good numbers and confirmed 04 guidance. 3. Book value increased by $262MM from the gain on the sale of the Hydro assets, close to $1 a share. 4. Cash flow before working capital adjustments (the only way to look at cash flow), was $508 million for the 9 months and $361 million for Q3. 5. Debt declined by $923 for the year and long term debt is now almost equal to equity. 6. Cap-X after asset sales was a negative $733 million YTD. Now for the future: 1. 10%+ rate increase will be in effect in December and all of 2005. 2. RRI will announce a debt restructure soon that will lower interest rates, free up cash flow and will most likely result in a second credit upgrade. 3. Now that the election is over, you can expect CA to settle with RRI which will lift the last black cloud over the stock. Where else can you find a $10 cyclical stock that will earn in excess of $2.00 per share in cash flow that is near the bottom of a multi year cycle??? JMHO, Jim