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Hatteras Financial (HTS -2.4%) falls to $27.37 in the wake of its stock offering, which the...

Hatteras Financial (HTS -2.4%) falls to $27.37 in the wake of its stock offering, which the company ultimately increased to 17.5M shares, and appears to have priced around $27.12. Nonetheless, Sterne Agee is responding by upgrading Hatteras to Buy, arguing the offering, whose proceeds Hatteras will use to buy MBS, will boost its book value and net interest rate spreads, and will likely see high demand.
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