Mirkq , all should read.(from yahoo)
by: imlucky2003
Long-Term Sentiment: Strong Buy 01/12/04 01:27 pm
Msg: 305421 of 305490
In your view what is the worse case scenario this week?
Mirant is unable -due to bk- to bid starting February on 6800 mw of Utility default service in Maryland. That's why this stock traded down from the 70's. Big firm contracts are better. Actually though "market rate" service will be higher without Mirant bidding. Lots of customers will switch to Mirant retail beginning this July. Pepco's multi million $ consumer choice advertising campaign will help Mirant line up Pepco's higher price default customers. An indication Mirant is losing the battle to provide consumers with low cost
power would be worst case scenario this week. With Mirant's July excess capacity, Pepco will have less and less customers putting Mirant more in control -faster- than if Mirant bid on Pepco's default service. Hard fight but better, imo. The increasing economic demand, natural gas prices, preferred stock appreciation, the bond price increase, the cash position, the writedowns, the bk court, numerous settlements and negotiations, international market expansion, the MOR's, asset sales, the Canal supply contract, management still working hard, all indicate future profitability. I am looking forward to the Business Plan and the MOR.