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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (46779)2/12/1999 4:02:00 PM
From: SeaViewer  Read Replies (1) | Respond to of 132070
 
Bonnie:

Could you recommend some natural gas utility companies, so I can start doing research. I don't follow this group (I don't know the company names).

Thanks!

Jeff



To: Bonnie Bear who wrote (46779)2/12/1999 4:19:00 PM
From: Peter Singleton  Read Replies (2) | Respond to of 132070
 
hey, Bonnie,

I really appreciate your research in these sectors, and your consistently making the case that there's a whole ton of this stuff that's undervalued.

What would you expect to happen to these guys in a secular bear market? Obviously, if stock values revert to historic mean levels, we're looking at a 50% discount from current levels ... and if stock values undershoot to historic bottoming levels, at least 75% below today's values ... that's for the big indexes. Of course, if the economy gets hit real hard, it may be wishful thinking to think index values will hold at 75% below current levels.

So, if we have a wicked bear market such as outlined above, what do you think happens to the prices of the stock sectors that are currently trading at 1974 values?

Peter