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Meritage Homes Corporation Message Board

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  • johnmg47 johnmg47 Jul 11, 2012 12:25 PM Flag

    Stock sale liability issues

    A 6% reduction is capitalization and you are whining like it's the end of the world? The stock's bounced back and is now trading just a buck below it's several years' high. It already touched the 6% dilution point on the day the secondary was announced, and those 2 ML shares were probably already spoken for. So what's not to like? As a shareholder, you just picked up $70ML in cash for the price of a phone call, an announcement, and some legal fees for underwriting.

    Your company is gonna take that $70ML and make another $70ML with it, doofus. I think it was a very savvy move, and perfectly-timed too.

 
MTH
41.76+0.38(+0.92%)Sep 3 4:02 PMEDT