Thanks very much for posting that link, as I'd never heard of that kind of selling as being termed a 'secondary offering' either. Very interesting stuff, and I guess the relevant points for us shareholders would be that "This kind of offering does not increase the number of shares of stock on the market, and it is most commonly performed in the case of a company that is very thinly traded. Secondary offerings of this sort do not dilute owners' holdings, and no new shares are released. There is no "new" underwriting process in this kind of offering."
So that makes sense, as TAL is normally very lightly traded, and it's all good and a big relief that there's been no dilution and no new actual shares released.
I remain long and holding unless something drastically happens to the otherwise.
They probably just want to take some money off the table. How worried to get depends on what per cent of their holdings they are selling, when they bought, and why they need the money. This is still a good dividend play, but I have sold a few times in the last month.
Thanx. "TAL receives no proceeds..." so this does not benefit TAL and the price drops 5% to about the offer price of $36.90, just like a new share offer. I suppose this is an announced sale carefully managed so as not to spook the market as they unload 3M shares, and perhaps they are profit taking. I just haven't seen this before. So now I'm wondering if this is a buying opportunity or if the sellers know something we don't.