Thu, Jul 24, 2014, 3:18 PM EDT - U.S. Markets close in 42 mins.


% | $
Click the to save as a favorite.

Numerex Corp. (NMRX) Message Board

  • ocdeightiron ocdeightiron Jan 26, 2013 8:17 AM Flag

    Why didn't they release preliminary guidance before pricing secondary at a 17% discount to prior close?

    Usually you price a secondary 3-5% below prior close on a reasonably priced issue. They could have pre-released subscriber and revenue numbers (doubt books closed on the rest), but took the cash at a massive discount. I would either be concerned that quarter is bad or that even mgmt believes the stock price was substantially overvalued.... My guess being either a mix or just the latter.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm no expert in these matters, but the stock certainly had run up substantially in recent weeks absent any big news that I saw. During the many years I've been a NMRX investor management has always been very careful not to "hype" the stock in any way - perhaps overly so. Obviously people in the know believed the rising price to be reasonable, and the new issue was snapped up. Given that Stratton and his family own by far the largest number of shares, I trust that his primary interest overall is to increase the long-term value of the company.

      Sentiment: Buy

10.74+0.21(+1.99%)3:12 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.