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More on 3D Systems: Along with the mixed shelf, the company is announcing a public stock...

More on 3D Systems: Along with the mixed shelf, the company is announcing a public stock offering to make use of it. $250M worth of newly-issued shares will be sold, as will 1.3M shares (current value of $53M) held by existing stockholders, "including certain officers and directors and their affiliates." Shares -4.7% AH. (PR)
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Comments (14)
  • repeatopfender
    , contributor
    Comments (8) | Send Message
     
    Can someone explain a "mixed shelf"? Not sure I fully understand what's going on here.
    7 May 2013, 04:47 PM Reply Like
  • jbehre
    , contributor
    Comments (5) | Send Message
     
    Good question and I'd like to know too !
    7 May 2013, 05:00 PM Reply Like
  • georgetown913
    , contributor
    Comments (2) | Send Message
     
    The shelf means they can put stock "on the shelf" and can put it up for sale whenever they want to. And mixed means different types of stock such as common or preferred.
    7 May 2013, 05:00 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1067) | Send Message
     
    In order to sell securities you have to register them with the SEC beforehand. This is a "mixed shelf registration statement". In other words DDD is registering a bunch of new securities to sell. The word "mixed" means that there are different types of securities registered. It seems that DDD is registering common stock, preferred stock, debt and warrants. The word "shelf" means that this registration is of the shelf type. Shelf registrations do not require that the securities be issued and sold immediately. They allow you to metaphorically put the registration on the shelf and use it at a later date when you need it.
    7 May 2013, 05:04 PM Reply Like
  • marcbroker
    , contributor
    Comments (5) | Send Message
     
    The fact the are doing an offering to get money to cash out nowners is a big problem. If I'm wrong tell me.
    7 May 2013, 05:32 PM Reply Like
  • CMillard
    , contributor
    Comment (1) | Send Message
     
    Okay, so is this good or bad...
    7 May 2013, 05:35 PM Reply Like
  • Caraita
    , contributor
    Comments (41) | Send Message
     
    Short term usually bad for stock price. The price resets lower, over the long term it should be a buying opportunity for this stock.
    7 May 2013, 05:50 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1067) | Send Message
     
    It's generally bad for DDD stockholders. It means that there will be more stock dumped on the market which means that the stock price is likely to go down. However, it is not clear how bad it will be. Some growing companies can easily shrug off the occasional new stock offering.
    7 May 2013, 05:53 PM Reply Like
  • brettwidenhouse
    , contributor
    Comments (7) | Send Message
     
    just as i get even they pull the football away, just like Lucy on Charlie Brown
    7 May 2013, 09:20 PM Reply Like
  • gkumar
    , contributor
    Comment (1) | Send Message
     
    ddd with current PE of 96 makes me real nervous. What if others like xone cut into the market share of ddd. When printers are being sold at staplles, there will be copy cat offering printers and inks in short
    time.
    7 May 2013, 11:45 PM Reply Like
  • yuan8
    , contributor
    Comments (6) | Send Message
     
    It's only been since the end of February that DDD did a 3 for 2 split which caused the stock to go way down. Now they are doing this mixed shelf thing which will also depress the stock price because they are "inflating" the number of outstanding shares. I feel that I've been robbed!
    8 May 2013, 12:56 AM Reply Like
  • barleyhouse
    , contributor
    Comments (2) | Send Message
     
    Personally I'm staying away from the stock. Sold all shares at peak price and won't touch them. "to each their own"
    8 May 2013, 08:34 AM Reply Like
  • ashpkt
    , contributor
    Comment (1) | Send Message
     
    So if I understand this correctly, DDD is registering a total of $303M worth of securities which represents approx 7.65% of the current market cap of $3.96B. So, using yesterday's close, all of our $42.62 existing shares are now worth about $39.56 (or 7.65% less)...yes?

     

    Curious to see how much the market panics beyond that. I don't like that they are doing it, but I'll probably be looking to buy.
    8 May 2013, 09:18 AM Reply Like
  • DougKing13
    , contributor
    Comments (16) | Send Message
     
    These stock moves are designed to benefit EXECUTIVES too! Don't fool yourself.

     

    Company has great potential but lacks leadership at the top... Lots of the execs are laughing all the way to the bank.

     

    Manipulation of the stocks and consequentially the stock prices will only hurt DDD in the log run. Management is simply getting a lot of $$$ NOW!!!
    9 May 2013, 12:19 PM Reply Like
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