Tue, Mar 3, 2015, 4:04 AM EST - U.S. Markets open in 5 hrs 26 mins

Recent

% | $
Quotes you view appear here for quick access.

FLY Leasing Limited Message Board

  • beefstu57 beefstu57 Jul 12, 2013 8:52 AM Flag

    Strangest Offering I've Ever Seen..

    am I alone it that thinking? Seemed like it took a week to determine the final offering price. Also though it came close interday yesterday the stock never hit $14 even which is the established offering price. Quite the haircut from $17+ as well.

    You would think $14 would be a steal and it will be interesting to see where we open and if the stock follows the overall DOW (which should finish in the red today after recent run-up's).

    Could be a very interesting day. I've placed a buy order at $14 even so we'll see if we get there.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Strange, but not mysterious. The MMs had to put their hedge on before they could create the shares (which they are then holding until they can sell them off).

      I do think the company got played though. Here we are at $0.50 above the offering price and I doubt the company will see any of that bump. Free money for friends of the MMs who can just flip the stock at the market for a no-brainer 3.5% gain. Pretty shameful if you ask me.

      In any case, it's quite obvious that Colm needed $150M and exactly $150M. When the price dipped to $14 from the originally announced $16, the share count went up to make the offering worth $150M again. All signs point to the fact that they have a specific deal waiting in the wings for this cash infusion.

      My order is in at $13.85.

    • might not get there. No reason for market makers to kill the sp anymore. Never know though.

 
FLY
14.91-0.04(-0.27%)Mar 2 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.