December 10, 2001; Calpine Likened to Enron by New York Times

 

A thoughtful piece by Gretchen Morgenson points to overstated earnings and a possibly falsified growth rate for the power producer (see New York Times, Is It an Enron Twin, or Just an Energy Look-Alike?, December 9, 2001).  Our Sell recommendation on the stock remains in effect.  

December 10, 2001; Meter Reader: Halliburton Death Threat