In May, I devoted the main article to the energy sector (MIR 632) and singled out Contact Energy (NZ: CEN) as a particularly poor performer. Many people were surprised to learn from the article that, over the previous five years, CEN generated an annual compound return to shareholders of negative 1%. A supposedly dependable, blue chip company turns out to actually lose money for investors in its shares over an extended period. I rated CEN shares as AVOID at $5.99 and they subsequently ...