How did anyone expect them to pay for this acquisition ? Yes 4 mil shares is dilutive to earnings but an acquisition is acretive to earnings.Does anyone feel they paid to much for this acquisition? Is adding 4 mil shares to 50mil going to hurt that much? I just don't think so. And the div. stays in tact. Short term this may hurt us but I think we will recover. Panic selling creates a buying oppertunity though, so I will add to my position.
Of course you are right! I'm so tired of cry babies bemoaning "dilution" when it's one of the very important reason that dividends and share price grow over time. They see the few days of negative reaction and consider selling instead of buying, just as you and I will do. Short term thinking is the main reason that investors fail and long term thinking is what will guarantee success. We should thank them for giving us the opportunity to add to positions at bargain prices.