Secondary offerring, good pps today, issuance of preferred stock all of which caused me to reevaluate my position and sell at 29.12. I think this is a great buy under 28 for an intermediate (6 months) hold and I think Summer market action will give me a buy back opportunity.
Well, I will try to get in at 27.75 tonight (first time WY investor)
Issuer: Weyerhaeuser Company
Offering: Weyerhaeuser Company Common Stock Follow-On
The registration statement for the public offering of Weyerhaeuser Company Common Stock Follow-On has been declared effective and the offering is priced at $27.75 with the offering size being 29,000,000 shares up from the original offering size of 28,000,000 shares. The confirmation period has begun.
Put in a 27.75 order. If the market is not happy with the lack of direction from the Fed, your order wil be filled. In 6 months, you will be well pleased even though the stock may drop to the high 26's.