Mark Jackson, CFA
GenOn Energy Inc
GEN-N
TOP PICK
Jul 27, 2004
In the late 90's, early 2000 there was a huge overcapacity built on the electrical generating side which is now starting to wind its way through the system so we are now getting a creep up of demand. Book value is almost double the share price.
Been driven by the force of deregulation and a shortage of product. He feels there will be slower economic growth in the US this year, which is very good for utilities.