According to the bullish firms, the Company benefits from a strong balance sheet, an excellent record of operating performance, a regulated profile, an expanding merchant power segment, geographic diversity, and well-managed nuclear power plants.  The firms have a bullish stance as they believe that electricity demand fundamentals are improving and the Company is benefiting from positive trends in various jurisdictions, including Arkansas, Mississippi, and its Louisiana subsidiaries.  The firms believe Entergy is a well-managed company that seeks to enhance shareholder value.  According to these firms, both sides of ETR, the unregulated nuclear and the south-central regulated utility, have the potential for material growth.  The firms are of the opinion that the Company is well positioned to take advantage of the current environment.  According to these firms, the Company’s clean environmental profile and high-quality unregulated asset warrant a premium valuation, which is partly offset by the Company’s regulated utilities, which operate in less supportive regulatory jurisdictions versus other utilities among the coverage universe.