Zeev's Turnips Patch-No Politics (ZEEV)

[KyrosL]

Since I am holding the MIR bonds, I am not concerned enough about bankruptcy. My main MIR concern is the reporting. It basically shows a disregard for the stockholders. That's why I am holding the bonds instead. Longer term MIR depends heavily on how the US electricity wholesale market develops. If it follows the UK model, IPP prospects will not be good. It seems that Enron forced an abrupt halt to the overinvestment bubble in the sector so there are fair chances that the sector will avoid a fate similar to the UK situation.

Kyros