From: "John A. Weeks III" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Interesting doomsday article on the credit crunch.  What if...?
Date: Fri, 28 Sep 2007 08:03:14 -0500
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In article ,
 "Usenet2007@THE-DOMAIN-IN.SIG"  wrote:

> What was the real, intrinsic value of a share of Enron stock, a 
> week after their shenanigans were publically disclosed?  What 
> could you use it for, except maybe as toilet paper?

Enron stock was actually worth billions of dollars at that
time.  Stripping the criminal activity aside, Enron still
owned a huge array of legitimate energy companies.  Those
assets are being sold off over time, and the money is being
used to pay off creditors.  Several billion dollars has
already been paid back.  That might not be everything that
Enron owes, but it is hardly in the class of the value of
a roll of paper.

Those who follow rational rules of investing keep a well
diversified portfolio and never have more than 5% invested
in any one stock.  People who invest like this were not
hurt by the Enron crime.  In fact, the stock market is up
big since then.

-john-

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John A. Weeks III           952-432-2708            john@johnweeks.com
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