Global Industries (GLBL)

[OTCdoc]

There are some good things one can say about the yieldcos. Their revenues are not as subject to the vagaries of the commodity energy markets. For the most part, they are based on contracts with investment-grade counterparties that stretch out up to 20 years. And the shareholder and bondholder rebellions are forcing some of the parent companies’ managements to show a bit more fiduciary responsibility than they have in the past.