buy untill they announce the price of the offerring. The price will probably be lower than what it is trading at in the pre mkt. And, often the Sp will go lower than the offerring price before it starts to recover.
Last year this time, they did a preferred offering a few weeks later. May be an alternative entry point.
Books closed at 8:00 A,M. Accellerated offering. All sold..shound be a pretty good discount.
The price of the offering will be between 31.65 and 31 85. Maybe it will drift lower after that.
Good thinking but the only problem could be that you are late for the party. 50 million shares will be gone today.