Zeev's Turnips Patch-No Politics (ZEEV)

[KyrosL]

Well I basically want to have exposure to the IPP sector because I think that it's a great long term value, but at the same time I want to limit risk, so buying the deeply discounted bonds in the sector (I bought around 50 cents on the dollar) was the way I figured to play this. Enron bonds right now trade at 15 cents on the dollar and none of the surviving companies is, I think, anywhere close to Enron in terms of fraud, so even if there are bankruptcies, the bonds should retain most of their value.

Kyros