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December
17, 2001; Calpine Collapses from Sell to Neutral
Summary and
Recommendation
A formerly high McDep Ratio stock, Calpine (CPN),
is now near a median McDep Ratio stock within its group.
Therefore, we revise our rating on Calpine from Sell to Neutral.
There may still be stock price vulnerability as the New York Times
has called attention to the company's accounting and Moody's has downgraded the
company's debt to junk status.
December 17, 2001; Meter Reader: Calpine Collapses from Sell to Neutral
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