Seeking Alpha
  • Albert Alfonso
    Shame on $ARR for doing a secondary while shares are trading under book value. What a way to destroy shareholder wealth.
    2/13/13
    Reply (8)
    • jvix: Guess I'll be holding $ARR a little longer
      2/13/13
    • pumaprowler: That's not being nice, we hold the shares and not will take this dilution easy, FCUK U $ARR
      2/14/13
    • mrmedusa: From a total return perspective, they are now competing with the local bank.
      2/14/13
    • joe kelly: ARR has a habit of diluting. It's why I never hold it long. Screw the dividend.
      2/14/13
    • mrmedusa: Yeah, that keeps shrinking, too. Soon as break even hits, I move on to something with a better return than money under my my mattress.
      2/14/13
    • Vampyroteuthis infernalis: The Company estimates that its current book value (shareholders' equity) is $6.70 to $6.76 per diluted common share.
      2/14/13
    • jrbuettner: I agree with Alfonso, this is over dilution. They better make good use with this new capital and increase their BV asap
      2/14/13
    • jrbuettner: seems to me they are hitting below the belt with this quick offering, I haven't heard much warning.
      2/14/13