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Gold/Mining/Energy : EIX: Edison International
EIX 66.38-0.3%2:36 PM EDT

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To: sandiegobear who wrote (3)1/20/2001 1:43:25 PM
From: sandiegobear  Read Replies (1) of 8
 
Further thoughts: The real problem is political rather than economic and that makes it harder to evaluate. The big fear I have is that the state will allow the utilities to go bankrupt and then pick up the pieces in an emergency eminent domain situation. This would shift the liabilities (which are huge already and growing) from the taxpayers to the stock and bondholders. There have to be politicians thinking about this right now - I think I just talked myself out of buying it.
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