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  • As part of its merger agreement with Constellation, Exelon (EXC +1%) says it will sell its three Maryland coal-fired power plants to Raven Power for $400M. The sale is expected to close in Q4, and will generate about $205M in tax benefits, with the majority to be realized in 2012 and 2013. EXC will record a pre-tax loss of about $275M in Q3 to reflect the difference between the estimated sale price and the carrying value of the plants. [View news story]
    America has bountiful coal (and gas and oil) resources. It is unfortunate the current administration will not exploit carbon fueled energy in any form. Appears to me EXC is selling at a loss--hence the tax benefits.
    Aug 9, 2012. 06:29 PM | Likes Like |Link to Comment
  • Why Money Managers May Liquidate The iShares Barclays 20+ Year Treasury Bond Fund [View article]
    Gold is being slightly sold off by the strength of the dollar against the Euro, due to the PIIGS debt problems. In my mind, both currencies are in a death spiral. Silver will not do well in a recession environment. I am staying long IAU and MUX around about 5% of my portfolio.
    Jul 18, 2012. 10:05 PM | Likes Like |Link to Comment
  • Exelon: Get In At $34.90 Or Double Your Yield In 7 Months [View article]
    I am long EXC and although disappointed with stock price performance over past year, I believe the downside is limited from here. Now is the time to buy, not sell. If you do not already own the stock I would avoid.
    Jul 11, 2012. 10:16 PM | Likes Like |Link to Comment