CAPS Rating: No stars


Player Avatar megalong (< 20) Submitted: 4/18/2010 4:00:21 PM : Outperform Start Price: $4.78 ENLAY Score: -56.03

Enel is an Italian energy utility operating in Europe, Russia, North America and Latin America. They operate a range of hydroelectric, thermoelectric, nuclear, geothermal, wind-power, photovoltaic and biomass power stations. The Company operates in Brazil, Bulgaria, Canada, Chile, Costa Rica, El Salvador, France, Greece, Guatemala, Italy, Mexico, Panama, Romania, Russia, Slovakia, Spain, the United States, Argentina, Colombia, Morocco, Peru and Portugal.

They are currently trading at 5.5x earnings. The balance sheet is a bit questionable with negative tangible book, debt to equity of 2.0 and a current ratio of .9. However going forward Enel should return to positive cash flow and hopefully improve the balance sheet. After the current high-beta, low market cap, high risk rally, the pendulum may be ready to swing the other direction and reward more stable companies like utilities.

Member Avatar whomonkyoulus (28.41) Submitted: 11/5/2010 6:11:36 AM
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