British Energy is a buy

Goodfella:

My apologies...for amortisation read depreciation (obviously I'm still suffering from too much vino collapso)

I cannot remember the exact figures as it was quite a while ago when I looked at the accounts.

The point I was trying to make was that I was surprised that you could see a pe of 117 and decide on that basis that the share was overpriced.If you were to see a share on a pe of 2 would you decide that it was worth going long??I think not ,you would surely look into matters further.

Whilst I appreciate your various posts I don't think you've done yourself any favours this time.
The other point I would make is that if I were looking to short BGY I would have been looking to short it much earlier in its cycle than now.