Seeking Alpha
  • Ocean Man
    Added to WMC at 21.68, down 4.4% today, it's taking a bigger hit than some of its peers, and was already down due to a 2ndary (nice timing).
    10/10/12
    Reply (9)
    • Clayton Rulli: is the 12 M shares offering dillutive? Seems like alot
      10/10/12
    • sundate36: Hi guys, check out GDOT ... you think the market overreacted and below $10.00 might be a good entry point?
      10/10/12
    • sundate36: Also, it's interesting that both ARNA and SQNM are holding up so well on a down day.
      10/10/12
    • bradyc: followed 21.71 :)
      10/10/12
    • Ocean Man: Clayton - the offering was sold at 22.20, so in a word..... no. Back up to 21.88 now (+1%).
      10/10/12
    • Ocean Man: 21.98 now. Nice bounceback on that and AGNC - both looked overdone mid-day.
      10/10/12
    • Clayton Rulli: shares out says 24 M. 12 M offering was alot no? share your homework!
      10/10/12
    • Ocean Man: 12M shares just sold for 22.20, and you can buy it for 21.68. You're buying dollars for 97 cents on that portion.
      10/11/12
    • Ocean Man: It's only dilutive if they sell shares for under their book value. Selling above book value increases the book value.
      10/11/12