If you are new to REITS, this is how they raise dry powder to fund new investments (leverage).
That being said, how could they offer the new shares at NAV when the share price was mid 28's??? Don't think there would be any takers....
AI has been slowly rising towards nav. An spo at this level offers 2 benefits. Current yield is outstanding and a runway is there for share price appreciation as well.
The offering is below the current book value. Good news is AI trades ~15% below book. Offers a strong dividend. And earnings support an increase in the dividend. AI is gathering support and has been trading with strength closing the gap with book value. Been there since $23.01.
Lunco, slightly dilutive but not a big deal. AI is starting to garner some respect and the discount to book seems to gradually be disappearing...
As the "risk" factor is lowered, the yield will fall to a more "normal" rate. so, the benefits should be twofold. In at ridiculously high yield, and share price appreciation.
Head fake at open... After yesterday, there will be more stops to take out. Volume was low for a 5% down day.... But I generally agree, this will begin to rise into the 9th. More concerned about the 9th of Septmber 2016
You hit the key components. HIMX was an easy target to take down. Simultaneous hit pieces and downgrades anchored by BofA. Make the money once good for us. Make it twice, and carears are made.
I still think Chardan and Nomura did not receive the memo from BofA that the downgrades are stopping... oops.. what was that Jay, You downgraded again. We forgot to tell you we are upgrading (weak upgrade) and minimally raising our PT.
Haschultz1, the shares are relatively intuitive. The float has more than "changed" hands below this price. Many who bought higher are simply happy to get some of their losses back. The long period this traded in the 6's and a few forray's into the high 5's. Tuck away a nice 100% annualized gain. Nothing wrong with that.
The rapid decent is still fresh in everyone's minds. People don't hold stocks the way they used to. Long term seems to be anything over 3 months (taxes be damned). It was not until the last month the solid PR's started coming out that the "plan" was coming together.
I know it was all in the back of my mind. As long as I am in the company, I did not add (except the dividend drip). I did not sell either. Core is intact.
Terrie, They did not close until October of 2013. They still have time to buy the additional shares. The date being floated as THE date is Oct 22.
"Google also has an option to make additional investment of preferred shares at the same price within one year from closing".
The investment last year was ~3.8M. Much smaller than people assume, Myself included until I read the 20F
I do watch short analytics regularly... We seem to read it in a similar fashion as regards to what it means.
The growth is there. It is being demonstrated by the almost weekly PR's announcing a new partnering of some sort. And they all point to the new generation of products. The stock was unnessarily beaten down. Still maintain the only reason GTAT did not suffer the same extreem low end of their beatdown is because they are US based.
While a large percentage of the institutions sold out in Q2. It was interesting to see those that initiated (obviously in June) or returned.
I think you are correct in the larger and committed buyers. Price is going up in an orderly fashion to allow for an optimal entry point. Still laughing about how the "gaps" miraculously close every time... and the price plodds higher.
Still kicking myself for not getting out. At least I got my dad out in the high 12's. Funny thing is, I told him then I should take my own advice but more than likely will not. Still think 1.50/sh is attainable for 2016. Why I hold. That's 3 years before my desired retirement age.
I agree with the google opinion. It's a nice to have at this point and will add to the share price just by it's presence. It is not "needed".
LOL, here we go again. But this time scalping shares will be much more difficult.
Zachs re-released it. This was a pr from yesterday. Easy enough to get them sent straight to you. You can sign up for it on the investor relations page. Arrived in my in box yesterday morning.
End of today was interesting as well.
This is trading entirely different than it did last year pattern wise.
Or when one who does not KNOW the fiscal year of a company ends. Apple's fiscal year is Oct 1 to Sept 30.... Hence, Q1 is reported mid to late January....
And to think, they have 6 more days of this... Short term does not matter.
Simply amusing to watch.
Careful.. Rode it up, rode it down, thankfully the return trip seems to be starting.. Thankfully I was in early.