I've always chuckled when the words of DUE DILLIGENCE are used to thunder rebuttal against all posts unkind to LLEG. Next best thing to: DUTY! HONOR! COUNTRY! As you state it's sort of difficult to perform DUE DILLIGENCE when data is lacking.
I'd like to see an example of DUE DILLIGENCE applied to New Bedford. Where the result of any DUE DILLIGENCE should be the answer to the question: How much accrued value will this project add to the common stock? Try to find any figure to calculate against for that project. Exactly how much has been invested? How much revenue will come from the heating plant? What is the stated anticipated range for revenue for LLEG after the plant is upgraded to generate electricity, with a PPA in hand? What's the timeline for the project? For the poster who always shouts about DD... have a stab at it. Go ahead and find where management published any specific information to generate the numbers to crunch. Without any data, there are no fundamentals to do DUE DILLIGENCE against. And the magical words, don't sound so powerful or magical.
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