@tupac - The growth in profits will moderate after 2010 but still very cheap at this price. Ultimately, there are 2 constraints for KPLC
1) Supply (which they have mitigated by engaging with thermal power producers but cost remains a huge concern)
2) Growth in the economy
@guru - The capital structure will be restructured to enable KPLC borrow more from multi-lateral government agencies...
@kishindo - At current prices @156, it remains very cheap... even after you discount the 'restructuring'... even cheap @ 172!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett