WFC starts BXMT at market perform. Hey, at least SOMEONE is paying attention, even if they're not saying CT on steroids is going to rage. Also, Mr. Plavin with half a million bones of insider buying. Looks like he likes the new arrangement. That crew has been selling for a couple years now, so nice to see some purchases.
I have been watching this stock for a couple of years now. I can't wait to see what management has planned. Originally I read that the 600 million dollars or so would be invested at a 3 to 1 leverage. There already is a BofA credit facility of 290 mllion in place and more to come. Also reading the 424B4 the company is close to closing 10 investments by the end of July. Dividend ought to start in the 2 dollar range. I don't see any downside. In fact I sold my GPT shares because this company has no preferred shareholders holding down the equity value. BXMT to the moon baby!
about half way home and it is trading well if you read the filing they have a huge pipeline dividends will flow soon
5 million shares $1 above the secondary price a half hour into trading. The price is $1.50 above the reverse spit price. I'd say so far, so good.
1.8mil in premarket, or 8% of of the secondary, .95 cents above the secondary offering price...not too shabby.
Five minutes before the bell and 1.5 million shares, biggest volume is around yesterday's close which is above the $25.50 secondary offering price, and that's pretty nice. Looks like there is a market for the shares, for sure, and we're not going to fall off the face of the earth with our share price. Next twelve months should be interesting. Mmmmmm...diviiiiiiidends...yummy...
The secondary was increased to 22m and priced at $25.50. This is why it corrected today. Look at who are the underwriters and how many. Would not surprise me to see they are all in. Price will recover and this one will continue higher. Stay put.
Todays trading was an example of what I was talking about. How are they going to unload all those shares without putting big time pressure on the stock price? I notice on offerings on other stocks that they are usually completed in a day. The stock price suffers for that day as the shares pour in but then it rebounds. These stocks have enough volume to absorb the offering. It's going to take forever to put 21 mil in on this stock and at this rate.
Not only has the size of the offering been increased but the write-in price is now $28.20… given the attention this offering is receiving, I wonder if they might increase the price! just dreaming
I doubt they would have increased the size of the offerring to 21 mil. If the demand wasnt there. Just a hunch
This "sucker" is holding entire position paid for by a one time dividend. If this goes to a penny I still come out ahead. Come back and talk to us when you have more earth shaking news...
Rosen, actually, with the large infusion of capital, there will be no diffrence, new investors will contribute with the infusion of capital and will add to the pot accordinly. In fact, the new investement will make more divedens than without. Remember it is now an opportunistic market. The real state market is recovering and there a lot of opprtunities for investments to continue to yield higher returns.
Sentiment: Strong Buy