Posted on 03/27/2002 4:23:43 PM PST by Ernest_at_the_Beach
Edited on 04/13/2004 2:40:01 AM PDT by Jim Robinson. [history]
Mounting debt for construction of power plants continues to wallop Calpine Corp.
The San Jose power company's stock -- already down 73 percent for the year - - tumbled 9 percent yesterday after Standard & Poor's downgraded its credit rating, which was already in junk territory.
(Excerpt) Read more at sfgate.com ...
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I hope that they get their act back together and can survive. We need the power plants that they had planned to buy!
Maybe the Rats in the Senate can investigate the Fascist Davis for his involvement in nearly ruining this company!
We have to defeat DAVIS to return sanity to Kali so the power companies can make long range plans to build the power generators that we need.
SIMON THE SANE ONE!
It will never happen!
"Hold" = "Sell" to smart investors.
The stock does seem cheap, but I thought Enron looked pretty cheap at $30, and a real bargain at $20. Fortunately, I procrastinated.
It was rated "Buy."
This is when we should be building more power generating plants, during a recession. Then, when the economy comes back up and the demand increases for electricity, we will have the capability of meeting that demand.
Of course the economic terrorist enviralists love it when we don't have enough electricity to meet demands. That will force more businesses out of Kali.
Their latest thing re the snowy plover in your area is typical.
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