Back to $26 by days end
imo, the market can't sallow 12 million shares in addition to the existing longs sell-off in one day
It will come back.. It just sucks when a stock dilutes..the 9% divy helps though..
There was no dilution and no impact on the distribution. Major holder is selling shares and doing it as a secondary to mitigate impact on the market, nothing more
I put a GTC bid in @ $24.75 figuring pricing @ $25......can't believe shareholders running for the exits below the secondary offering price....this could see $27. by July!!!!
I picked up 3775 at 24.50 which nis $.65 below offering price. The offering won't take place until it gets abck above 25.15 so this was a no brainer. Way oversold and market knee-jerk reaction. Big dividend coming this summer.
Yield is huge here. And this probably helps sell the entire company as well. Icahn's ownership is reduced. GS did this same thing before Icahn came in and bought the company last year.
Picked up 400 so far and 600 to go.