[discostu]

It's important to note that Enron isn't in trouble for what it did as an energy company, it's not even in trouble for not being profitable. They're in trouble for cooking the books. I'm not sure if it's in this WSJ article but it is in one I read this morning, their auditors were recommending adjustments to their profit and loss statement that were 50% of the net profits (as figured before the auditors showed up), Enron decided that those changes were not material (that's an accounting term but there are no real accountants out there that will tell you that 50% of something is not material). Now they've been caught, so the stock price is gonig through the floor, they're going to be fined up one side and down the other. But when the smoke clears they're still going to be a profitable energy company, just not as profitable as they've been saying they are.

[NotJustAnotherPrettyFace]

FYI bump.

[Tuco-bad]

But when the smoke clears they're still going to be a profitable energy company, just not as profitable as they've been saying they are

If your rignt at 29 cents a share, one could make a lot of money (think Penn Central).

BTW - I just put my mouth where my mouth is; bought 1 share of Enron.