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Western Asset Mortgage Capital Corporation Message Board

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  • reits_r_us reits_r_us Oct 21, 2012 3:06 AM Flag

    Why WMC will go up dramatically

    Market. Underwriters(banks) work with management to determine a fair spo price when management desires fresh capital. The value of the offered shares at the spo is based upon the current market price and the price the underwriters are willing to pay and management is willing to sell.

    Those shares are then offered to the public at a higher price than the discount negotiated between the aforementioned entities. The public then buys and sells those offered shares driving the market in the direction of the majority(buyers/sellers).

    Helps?

    DocReits

 
WMC
9.57-0.10(-1.03%)9:57 AMEDT