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Manhattan Bridge Capital, Inc. Message Board

  • smaycs4 smaycs4 Jun 10, 2014 3:20 PM Flag

    Maybe I underestimated the underwriter ?

    Im feeling better about the secondary not having to be priced at $2.00 or less.

    Heck, maybe they can price it at $2.50-2.75 or even $3.00 ?

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    • The announced dividend schedule has given the underwriter a good deal of room on the pricing front IMO. The real question will be whether the market really believes LOAN can earn enough to continue to pay out that generous dividend down the road. Pricing a stock with a 28 cent dividend that many won't believe can be maintained will be the where this stocks trading range will reside.

      • 1 Reply to pa1702
      • Depending on the price the secondary gets done at this co. could easily be earning in the high thirty cent per shr. area with the additional capital they raise just based on their past returns so for you to doubt their ability to pay the .28 div. is shortsighted and naive IMO. Get out your calculator and run some numbers (if you have the knowhow). Mr. Ran is not going to declare a dividend he thinks he will have to cut. LOAN is just starting to find it's legs after a long period of proving itself in this business. This tree is just starting to bear fruit.

5.04+0.03(+0.60%)Jun 24 4:00 PMEDT