Replies to post #92908 on Zeev's Turnips Patch-No Politics (ZEEV)

[ItsAllCyclical]

>> I bought back an average size RRI position today. <<

Wouldn't the banks have considered the CA/FERC issues prior to the refi? It looks like it wasn't much of an issue to the banks. Other than near term uncertainty, I don't expect that it'll be much of an issue going forward. It was mentioned on the CC that if CA took away RRI's trading license in CA that EBIT would actually increase in the near term.

Don't you think the market is making too much of this?

[south louisiana]

Kyros - Is it plausible that MIR might be delaying audit awaiting Blackstone's work out of concern that a restatement might trigger a default? You are certainly right that the lack of information encourages speculation and uncertainty.