Given that they originally announced 18-20 million, the fact that they expanded it to 27 million means they've pretty much already sold it.
And you want the underwriters who bought it not to put it on the market. You want them hanging on for big profits from the div and the price movement.
No idea what this means for the div. Probably keep it at $1.40 if the terms of their business model haven't changed. And, if they have an excess in cash from this offering, it ought to be a longer interval before they issue shares again.
Good time to settle in for the long-term, or double up along with the syndicates.
Hey miester, been in this with you since 2008. Wasnt there another prolific inteligent poster around in the early days? I think he posted a few letters he wrote to his congressmen about mortage refi programs... Anywho, I'll probably buy a few 1000 shares tomorrow to try and play a rebound but I have my doubts about next quarter. Think they can pull a rabit out of the hat?