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Here We Go Again at Calpine
By Stephen D. Simpson, CFA
November 3, 2005

Somehow this all seems familiar. Not only did power producer Calpine (NYSE: CPN) report a larger loss for the quarter, but management once again suggested that efforts to improve liquidity and the balance sheet could fall short of initial hopes and projections. And not too surprisingly, investors responded by marking these shares down a bit more....
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