Dynegy: With The Market Appreciating The Ameren Assets, No Reason To Hold
- Dynegy outperformed the S&P 500 over 40% since original article.
- It is highly likely the market has discovered the optionality within the Ameren assets.
- The company realized synergies above and beyond those initially projected.
- With the original investment thesis no longer valid, there is no reason to expect future outperformance.