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CenterPoint Energy, Inc. Message Board

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  • lewis_whokeyser lewis_whokeyser Jun 1, 2001 9:01 AM Flag

    Deleted Message

    You already own RRI stock by owning RRI's owner. REI owns 80% of RRI.
    REI has 297 mill shares outstanding and a market cap of 13.7 bill

    RRI has 292 mill shares outstanding (80% held by REI) and a market cap of 10 bill.

    I would guess that the market cap for REI includes the 8 bill worth of stock in RRI.

    This means if RRI stock doubles in a year, its market cap becomes 20 bill and REIs market cap becomes 21.7 bill.

    Here's a puzzle: One of the analysts covering REI has a 12 month price target of $11. I'm guessing he lives in California...
    High Target $63.00
    Mean Target $43.08
    Median Target $49.00
    Low Target $11.30

    Number of
    Brokers 4

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