They always seem to know before us peons find out I wouldn't be surprised to see a secondary offering soon. I think they need cash to complete the Berry Petroleum acquisition as well but something is in the works. Just trying to read the tea leaves before I put any new money to work.
I never said SIGNIFICANT cash. They will have to issue shares once the Berry deal is cleared and I guarantee that shorts will use that opportunity to slam the stock. All I'm saying is the possibly of a further hit to LINE is real and I would be very careful here. For the record I am NOT short and hold LINE in a Roth account and eventually when there is more clarity I will be adding. BTW it doesn't appear to be a heavily shorted stock at this time.