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PICO Holdings Inc. Message Board

  • patienceandconviction patienceandconviction Jul 9, 2013 8:32 PM Flag

    UCP IPO . $5 to $10 of upside to PICO

    UCP IPO Roadshow kicking off :: East Coast this week, West Coast Next Week

    Deal size: 7,750,000 Shares (100% Primary) plus 15% Greenshoe
    Price Range: $15.00 - $17.00
    Exchange: NYSE

    Anticipated pricing: Wednesday, July 17th (Post Market Close)

    7/10 – New York (Group Lunch – St Regis – Maisonette Suite)
    7/11 – Boston
    7/12 – New York

    7/15 – West Coast (Citi / DB)
    7/16 – Mid West (DB)
    7/17 – Mid West / NY / Pricing

    Sentiment: Strong Buy

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    • I don't think the IPO will do much more for PICO right now. Except for teh greenshow, I think all the proceeds go to UCP? Peersonally I woudl have rather seen PICO SELL OUT completely and take the profit. They bought the lots reasonably well, but if UCP is going to be ongoing.they are NOW buying lots to develop at MUCH higher 2013 prices. Furthermore, you can bet that ALL the UCP executives are giving themselves BIG cash raises, once IPO is done. All in all? It's okay for PICO, but nothing to make stock go up more than a buck or so.

10.74+0.10(+0.94%)Nov 27 1:00 PMEST