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Update: window closes, AEI IPO pulled, after a whopping size & price cut

|Includes: AEE, AEP, The AES Corporation (AES), ALE, CNP, D, DUK, EXC, FPL-OLD, LNT, SRE, TAC, XEL
Update:  window closes, AEI IPO pulled, after a whopping size & price cut

AEI energy price & size markdown, Oct 29:
. 17% AEI IPO price slashed to $12.5 from $15 (price range mid-points) plus
. 58% cut in IPO shares: to 21mm from 50mm
. 97% cut in shares sold by insiders: to 1mm from 33mm
. 17% cut in market cap: to $3.2bb from $3.9bb
. IPO size cut to $262mm from $750mm

Adjustments made to IPO report:
1x book; 1.9x tangible book; 9.7x annualized (perhaps unsustainable) earnings

read more in updated IPO report
http://gaskinsco.com/linkto-aei.shtml