Jeff:

I thought you were going to do this one.  I can if you need me to.  That is
fine.]

Mark:

I really liked what you did especially the Dupont analysis.  I added some
stuff about the increased riskiness of the stock, and well on additional
benefits from the increased outside influence higher debt has on the
actions of management.

Anyway, here are my additions.  I am working tomorrow so I will check my 
email.

Dylan



At 10:29 PM 2/18/01 -0600, Jeff.Dasovich@enron.com wrote:

>Wow, thanks Dylan.  I thought that I was on the hook for this one.  Let me
>know what I can do to help.  I've read it and will look at what Mark's done
>and throw my 2 cents in. I'll be working on it tomorrow morning.
>
>Best,
>jeff
>
>
>
 >
                     Dylan
Windham

                     <dwindham@uclink4.ber        To:     Mark Guinney at
~WW_SFO
>                     keley.edu>
> <IMCEACCMAIL-Mark+20Guinney+20at+20+7EWW+5FSFO@WatsonWya
>                                                  tt.com>
 >
                     02/18/2001 08:37
PM          cc:     "\"JcjCal02@aol.com\" " <JcjCal02@aol.com>, "
>                                                  \"jdasovic@enron.com\" "
> <jdasovic@enron.com>, "
>
>\"jjackson@haas.berkeley.edu\" "
>
><jjackson@haas.berkeley.edu>
>                                                  Subject:     Re:
> AHP
>
 >

>
>
>Hey guys,
>
>I just got this.  I will work on it tonight and send it to you later.  I
>agree that we should put it to bed soon.  I suggest that we let Jimmy be in
>
>charge of the colored graphs so that he can use his artistic side.
>
>Dylan
>
>
>
>
>At 03:34 PM 2/18/01 -0500, Mark Guinney at ~WW_SFO wrote:
> >My crack at answers the questions for AHP.  Let's get this thing written
> >earlier
> >than latter.  Anyone willing to take a crack?  I am also sending the
> >spreadsheet
> >since I performed some simple calculations to help justify my responses.
>My
> >work is highlighted in gray.
> >
> >
> >
> >**********************************************
> >Mark D. Guinney, CFA
> >Consultant
> >Watson Wyatt Investment Consulting
> >345 California Street, Ste. 1400
> >San Francisco, CA  94104
> >(415) 733-4487 ph.
> >(415) 733-4190 fax
> >
> >
>
>
>

 - AHP dylan.doc
 - Amerhome dylan.xls