Is Enron Overpriced? (2001)

I know that hindsight is 20/20, but I can say with a lot of confidence that this would raise serious red flags for me if I were researching a similar stock today.

"How exactly does Enron make its money?... "If you figure it out, let me know," laughs credit analyst Todd Shipman at S&P. "Do you have a year?" asks Ralph Pellecchia, Fitch's credit analyst, in response to the same question."