The Company's current business operations are focused primarily on the power generation sector of the energy industry and primary business is the production and sale of electric energy, capacity and ancillary services.
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If I get this wrong I should probably change my caps name to "AlwaysWrongAboutDynegy". My prior to caps green thumbs on this one netted my a lot of negative points. And my RL portfolio pick... you don't want to know how wrong I was there... Well, you might, but I'm too embarrassed to tell. That position still loiters in my portfolio, too worthless to sell!
But now I'm going the other way, because I'm wondering why DYN is 13% over its buyout price:
http://dealbook.blogs.nytimes.com/2010/08/13/blackstone-to-buy-dynegy-for-4-7-billion/?partner=yahoofinance
Maybe its the 40 day shop-for-a-better-offer period, which is just over half over...
Hopefully I'll be wrong here, I'd rather recoup a little more of my RL losses than have the caps points.
The 40 day shop-for-a-better-offer period expired yesterday (9/22/2010):
http://blogs.barrons.com/stockstowatchtoday/2010/09/23/dynegy-seeing-no-other-bidders-moves-closer-to-blackstone/?mod=yahoobarrons
Here's another interesting article, from a couple of days ago, about the company's worth:
http://blogs.wsj.com/deals/2010/09/21/whats-dynegy-worth-maybe-less-than-nothing/?mod=yahoo_hs
Yikes! I bet the shareholders approve the Blackstone offer.