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.
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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">
