Mirant

[Joe Stocks]

Re: What is the reason?
by: photovue From YAHOO board
Long-Term Sentiment: Hold 08/21/03 11:06 am
Msg: 273919 of 273991

I came out with a handsome return with KCS energy after they emerged from Ch. 11 last year. The stock traded as low as 50 cents several times. It is trading near $7.00 today. The commons didn't lose anything and the bondholders came out while.

As on this board, there were many naysayers who said people like me were crazy, you'll lose everything, blah-blah-blah, but you have to watch three things:

1) The spirit of the parties (judge, creditors and the company). If with scant news, you can get a good feel for this.

2) Market conditions for the company in which the industry involved,

3) The assets of the company, and potential to restructure and satisfy its debt under.

I've invested in MIR because it appers to be even a better scenario than KCS. It's not perfect, but I believe, a good risk/return proposition.

Might help to go back and read the KCS message boards at http://messages.yahoo.com/?action=q&board=KCS.

Good luck to all and do your own DD!