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

To: E_K_S who wrote (36709)	2/19/2010 11:46:36 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78777

re SRE - I have seen a short report from Barclays. They revised their earnings estimate for SRE for 2010 from 5.3$ to 4.5$ after the sale of the international business. Depending on how the domestic business works out, further downrevisions are possible (and I think quite likely). Reinvesting the proceeds is fine but SRE made at least 20% IRR on their equity in the trading operation. If reinvested in utility operations they would probably make about 1/2 that.