Parallel Energy Trust T.PLT.DB

RE:RE:PLT.UN

[gvixid]

Not pumping....but I have to agree that Parallel is undervalued here. Trading at a big discount to both NAV and BV, due to their relatively large debt. I think it has bottomed and will continue to trade at these discounted levels for awhile. Market waiting for results of credit review in 3 weeks....presumable the board wouldn't sell the company outright for less than NAV ($0.37), so an asset sale would seem like the most likely outcome of the strategic review, if the banks force their hand in an effort to reduce debt. I imagine that everyone here is underwater on this stock...if you don't feel that the company is going bankrupt, then now is the time to buy. The best trades are often the ones that make you sweat...