If they are going to do one it will be tomorrow or next week. 10% premium to book and ex-div date past. Anybody expecting to buy at $6.80 next week on an offering?
Yes, but closer to $6.90.
JMI you get the prize . . . looks like $6.90. I have finally learned to trade these things properly . . . buy the offering and sell on the ex dividend date. Almost always makes money. I'll be selling again at Christmas for $7.20 plus a dividend.
Spread Compression and a moderate price/book leads me to think that only a moderate SPO would be done, if any.
The appetite is there, the only question is one or two SPOs in this quarter.
I hope. I got out at $7.50 from a $6.70 buy in. Looking to get back in again.
Good trading! It seems like maybe a good strategy would be to buy half back here and wait for the next offering for the other half?