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Enron
Acquired
Enron Trading at 55 Times Earnings
Enron's financial statements are nearly impenetrable. The company rebranded in January of 2001 from the world's leading energy company to "the world's leading company" It was trading at 55x trailing earnings, which is two and a half times the multiple for Duke Energy. If you look at their free cash flow or looking at any return on investment metric that you decide to pick, it's terrible.
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