The merchant energy group continues to move ahead of all other industry indices, as well as non-industry-Apple Computer stock is one of the few to outperform the merchant sector. That’s a reflection of the premium being placed on existing generation. Hardly a week goes by that a proposed coal plant isn’t cancelled or runs into significant hurdles.
As of market close Oct. 31, 2007, 65 percent of the companies we track were worth more than they were on Jan. 1, 2007. However, year-to-date, only 44 percent of these companies have outperformed the S&P 500. When you extend the time frame out to a five-year window, all but two companies’ equities are worth more today than on Nov. 1, 2002. Seventy percent of the companies we track have outperformed the S&P 500 for this five- year window. height=”8″ width=”11″ livesrc=”../pkgs/0711ELP_36-41SECfin/0711ELP_36-41SECfin.pdf#u22ad”>