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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (33973)	3/28/2009 10:20:33 PM
From: E_K_S	Read Replies (1) \| Respond to of 78717

Have you looked at Exelon Corp. (EXC), The stock is down more than 10% from when they announced their offer for NRG in October 2008. Exelon Corporation Offers to Acquire NRG Energy, Inc. in $6.2 Billion Transaction Sun. October 19, 2008; Posted: 11:05 PM tradingmarkets.com From the article:"..."An Exelon-NRG combination would result in a total enterprise value of approximately $60 billion with a generating capacity of around 47,000 megawatts, or enough electricity to serve nearly 45 million homes," said John W. Rowe, Chairman and CEO of Exelon. "This combination would not only diversify Exelon's generation portfolio geographically, it would also create immediate earnings and cash flow accretion. We believe a combination of Exelon and NRG would represent an exceptional value for shareholders of both companies." ============================================================ If this ridiculous carbon credit program is passed it could result in over $1 Trillion of potential trading credits over the next few years. I believe EXC earnings would significantly benefit from a hedged carbon trading program. They operate the cleanest "carbon" free production facilities in the US. Exelon Corp. (EXC) energy portfolio is concentrated in nuclear energy, with nuclear energy generation representing almost two thirds of total energy production. Exelon's nuclear fleet represents 3% of total US energy production. They also operate very "green" hydroelectric and renewable energy plants. EXC may be undervalued based on their potential future carbon credits they can sell into the market since they are the cleanest producer of energy in the US (primararily derived from their nuclear power plant operations). Any opinion on EXC based on your NRG analysis? Will the combined company be worth more together than separately? EKS

To: Spekulatius who wrote (33973)	4/6/2009 4:39:08 PM
From: Paul Senior	Respond to of 78717

Utilities: I've decided I like EIX, and although a couple of weeks late, have stepped up and begun accumulating shares today. I like EIX for its hybrid nature (esp. big in solar) and its geographical area, especially Southern California. The company trades at about stated book value (which SI says is also its tangible bv); book value in past few years has increased; in good times company has traded over 1.5x book value; EIX pays a 4.2% dividend yield. Stock passes my screen as a value stock based on roe and profit margins. reuters.com