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.