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Enron Mail |
Why are we paying someone to do this? I think we should transfer Keith to credit full time and put his analysis capabilities to use. Rick -----Original Message----- From: Power, Keith E. Sent: Wednesday, April 25, 2001 8:55 AM To: Buy, Rick; Gorte, David; Schneider, Chip; Tribolet, Michael; Petersen, Randy; Larson, Bradford; Barbour, Karen L.; Crews, David; Schlemmer, Jack; Ledlow, James; Ruane, Mark Cc: Hudler, Cindy Subject: Research - Enron / Other CS First Boston with a 12-month target price on ENE of $110 / share. Increase in 2002 EPS estimate to $2.25 / share - 2001 estimate maintained at $1.80 / share. B of A attachment discusses the 19 - 1 vote yesterday in the Senate Finance Committee in favor of repealing PUHCA. Also brief reference to the IPO yestereday of Aquilla Energy ("ILA") a unit of gas and electricity company, UtiliCorp United Inc. ("UCU"). The stock priced at the high end of its range - $24 / share ($21 - $23 was mentioned in the prospectus) and traded as high as $29.00 intraday, before closing at $27.85. With roughly 100 MM shares outstanding (17.5 MM in the float) the market cap is ballpark $2.8 billion. The offering was led by Merrill and Lehman and was oversubscribed around 10x.
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