Zeev's Turnips Patch-No Politics (ZEEV)

[BullNBear52]

They look in better shape than DUK balance sheet wise. The question is can they sustain the dividend. Same question applies for Duke in the long run.

As an fyi I try and look at market cap to shareholder equity. I am not into charts. In that regard they are similar. Both undervalued. DUK has more goodwill and if they sell off assets to support the div, they take the hit on goodwill.

All the utilities have gotten creamed of late. FERC and Uncle Dick Cheney need to come to the rescue to resolve the credit crunch.

I'm betting that with a 2-1 board on FERC that they help resolve the issue. I do play with DYN, as they have cleaned up the goodwill last 9/30/02. They imported a guy from Duke and I think they got the banks over a barrel as well as CVX. They both go to the end of the line in a BK.

BWDIK.