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April 11 IPO's Pass Or Take? What About ALLY?

|Includes:Ally Financial Inc. (ALLY)

There are a few IPO's pricing tonight for Friday 4/11 trading.

Here is my no nonsense evaluation:

PAHC...Phibro Animal Health...should be good, take.

ENBL...Enable MLP...looks solid, take. I say this and I hate MLP's.

ZOES...Zoe's Kitchen...raised offer range. Take

STST...Stalwart Tankers...avoid. Don't even think about it.

FPI...Farmland Partners...avoid. You do not want any part of this.

Comments on ALLY...not a good IPO, reminds me of the first US Treasury sale of AIG. I think you can start to nibble on this as a good longer term investment.

Disclosure: I am long ALLY.

Additional disclosure: I plan to initiate long positions in PAHC, ZOES, and ENBL in the next 24 hours.

Stocks: ALLY