text
stringlengths
1
4.46k
employee_id
stringclasses
45 values
How are ya?
dev33
What's the price per magnum?
dev33
How many am I allowed to get?
dev33
And what are the dates for Mazatlan?
dev33
Hope to see you guys soon.
dev33
Best, Jeff
dev33
I've heard nothing about any relief granted.
dev33
I will check and get back to you.
dev33
Mike, Jeanne: Have you heard anything about any relief on penalties that the PUC might have recently granted interruptible customers?
dev33
(Recall that Loretta has refused to allow folks on interruptible to get off those contracts.) Could you let me know as soon as you find something out?
dev33
Thanks.
dev33
Best, Jeff
dev33
we can all use the tax break that bush wants to give us and give to NPR!
dev33
We should be able to pull it together.
dev33
Mike, I don't have any information about siting or DSM bills.
dev33
Could you please add some very brief bullets to your original ones (factual ones rather than advocacy ones) that describe 1) what siting reform bills are out there, what they say, what the chances are for passing, and what the timing for passage seems to be at this point, and 2) same info for DSM.
dev33
Thanks a bunch.
dev33
Jeff
dev33
I'll put my suggested edits directly into the document and send to you for review.
dev33
Jeff
dev33
don't remind me.
dev33
i'll go ballistic.
dev33
you're welcome.
dev33
Apologies.
dev33
It's quick and dirty.
dev33
Jeff
dev33
Karen Denne has asked me to go along to the meetings tomorrow, which I've agreed to do, but wanted to run it by you two first.
dev33
Thoughts?
dev33
Best, Jeff
dev33
Here are my (very minor) suggestions.
dev33
I understand that the plan is to have the letter come from Ken Lay.
dev33
Given the current tone and structure of the letter, might be more appropriate to come from Chris, as originally drafted, but I've modified so that it comes from Ken Lay.
dev33
Best, Jeff
dev33
Be happy to talk tonite about how to pull this together.
dev33
Can't do it until 8:30-9PM tonite, though.
dev33
That too late?
dev33
And, if that's not enough, I don't have conferencing capability from home.
dev33
Suggestions?
dev33
Best, Jeff
dev33
Just to add: Evie represents (largely) the oil companies.
dev33
She represented that the suppliers that she represents are negotiating the terms of the agreement with PG&E.
dev33
She finished by saying that she was fairly confident that those negotiations would result in the gas suppliers that she represents signing PG&E's agreement and supplying gas under those agreements.
dev33
Best, Jeff
dev33
Thanks, Carolyn.
dev33
I can take a crack at the expansion questions, though someone else may want to also take a look at it, just to keep me honest.
dev33
I'll try to distribute first thing in the AM tomorrow.
dev33
Best, Jeff
dev33
I'd be honored.
dev33
No comments.
dev33
Chris, I'll have the summary to you shortly.
dev33
Jeff
dev33
Hi Rosalee: Attached is a summary of the proposal that ENA filed today in response to the RFP for power and gas issued by California's DWR.
dev33
Also attached is a copy of the complete proposal.
dev33
Steve Kean asked that I forward it along to you.
dev33
Could you please print out a copy and forward it along to Ken Lay prior to his departure for Washington D.C.?
dev33
Thanks very much.
dev33
All the best, Jeff
dev33
Told him the proposal is on his fax machine.
dev33
He thanked me and said he'd get back to us.
dev33
He was in a meeting.
dev33
That was the sum total of the call.
dev33
Thanks for all your help.
dev33
Real cat-herding exercise.
dev33
Best, Jeff
dev33
Thanks TJ.
dev33
Unfortunately, I presumed that I wouldn't get in, so didn't attend.
dev33
No problem, though, since the two classes that I did get into are great.
dev33
Thanks again.
dev33
Best, Jeff
dev33
Hi folks: Since we have only one page, the write up for number 4 will have to be verybrief.
dev33
Before writing it, though, I wanted to offer a few bullets regardinwhat angle we might take, and let folks respond, comment, counter, etc. before writing it up.
dev33
I'll clean and beef up once we've agreed to the approach we'd like to take to question #4.
dev33
Finally, I can work from my office on this this evening, which means that I can use the conference callcapability of my office phone to patch everyone in if we'd like to do a conference call.
dev33
If that's what folks would like to do, I'd prefer to do thcall at around 7 PM.
dev33
Just let me know.
dev33
Best, Jeff The question for #4 is: Stock price is down 23%, significant debt has already been tapped to suppormassive growth and covenants on that debt restrict taking on a lot more debt.
dev33
What should HD do w.r.t.
dev33
current operations and future growth strategy?
dev33
In the near term focus less on growth and more on getting margins and EBITgrowth back in line with results from previous years.
dev33
(Management,s Letto Shareholders alludes to this, but it,s difficult to determine whethermanagement is just paying lip service to the need to capitalize on the growspurt and grown earnings, or continue on the growth effort.) With respect to funding future (more moderate growth), the company does hasome room to increase long-term debt (e.g., current ratio for 1986 =3D 2.26It seems that HD would get better terms and have increased flexibility byissuing additional debt rather than relying on lines of credit. As such, Hought to look those sources of funding and fill in any &funding gaps8 with funds from the line of credit. Given the significant drop in stock price, HD is likely better off in thenear term 1) moderating growth, 2) improving performance to generate cashinternally, and 3) using long-term debt issuance to provide the funds needed.
dev33
Once performance and stock price improves, then HD should consider a stock issuance.
dev33
How can company improve operating performance?
dev33
Reduce selling, store operating expenses and pre-opening expenses Improve receivables turnover Improve inventory turnover Improve per store/sales Consider closing poor-performing stores All of which will improve margins Should company change its strategy?
dev33
If so how?
dev33
Shift from meteoric growth to moderate, targeted growth, and focus on generating positive cash flow from operations Focus on improving performance at existing stores; specifically focus on controlling costs and asset turnover and productivity Consider another debt issuance rather than rely extensively on credit line in order to decrease cost of funds and increase flexibility
dev33
Here is the gas settlement from California that we discussed on the conference call yesterday.
dev33
Best, Jeff
dev33
Ok, we're on for 7 pm.
dev33
i've got carolyn's and Mark's #s please pass along others and i'll originate the call from here.
dev33
mark, all of your points are good one's, less discuss them on teh call.
dev33
best,
dev33
u see my previous note?
dev33
sorry, i've been out of the office all day and just got in.
dev33
Just wanted to send a note to say that I'm very sorry that I couldn't make it to the meeting, miss catching up with folks, and hope that all's going well.
dev33
Hope to see you very soon.
dev33
Best, Jeff
dev33
check it out.
dev33
see george w.
dev33
and al rap.
dev33
very funny, indeed.
dev33