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Oppenheimer Holdings Inc. Message Board

  • fundmgr1 fundmgr1 Jul 21, 2009 4:09 PM Flag

    tick tock secondary....

    clock is running on a potential secondary offering announcement, probably will be on the heels of what is now the street standard earnings blowout verse expections. The market has made it very easy for the company to get a good price, but given how thin it is, its still going to be tough to keep the stock above 20 in the days following the secondary. My guess is that on the annoucement the stock will drop to 22.5 and then deal will likely be priced at 21 which would be a bonanza for the company.

19.87-0.65(-3.17%)Aug 28 4:02 PMEDT