I read and re-read the press release but did not see the offering price. Anyone know.
This is back to where I bought it now. Is this a good point to increase , would you say?
SPO is listed at 16.45/shr according to scottrade.
"Ship Finance Intl priced ts previously announced underwritten public offering of 8 mln common shares; price not disclosed". Very strange! I have never seen an offering that is priced but the price is not revealed!
Usually they'll tell you the total funds raised from the SO and leave it to you to figure out the offering price.
The offering of 8M shares cause the price drop of this stock today. Tomorrow is X div and very likely wll trade 15 and below. .