bongo, icr is the key, agree...
they have great assets but a huge huge debt...they are already paying an arm and a leg WHEN they had an investment grade rating in lockup, what the heck will be their rate given that their underlying earnings are down???
management have made 1 or 2 positive noises...what about the bloody offers that were received for the business 6 months ago??? what were they???
geeez, no disrespect, but how hard is it to manage a couple of power stations??? why the heck were they undergoing maintenance during one of the hotest summers for many a year???? why have they downgraded earnings twice in 6 months???? if they can't make good money then, when the heck can they???
this type of company should be simple, but amazingly they have found a way to stuff it up
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