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CYS Investments (CYS) announces a secondary offering of 30M shares, granting an option to the...

CYS Investments (CYS) announces a secondary offering of 30M shares, granting an option to the underwriters to purchase an additional 4.5M shares. The company also announces Q2 earnings estimates, expecting June 30 book value to be $13.50-13.54/share (today's close $14.14). Shares -2.4% AH. (PR #1, PR #2)
Comments (4)
  • gcmagone
    , contributor
    Comments (881) | Send Message
     
    This is standard operating procedure for a company like CYS.
    10 Jul 2012, 07:10 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Bought at 13.80.. Waiting for al to annoounce an buy ! Bough CIM at 2.28 and AGNC sale today at 35.11 and back in at 34.51

     

    mreits in sweet spot and fed not going anywhere till 2015 minimum
    10 Jul 2012, 07:18 PM Reply Like
  • antiqueron
    , contributor
    Comments (84) | Send Message
     
    usually there is info how much they want to raise to help with entry point and amount of offered price any info?
    10 Jul 2012, 11:16 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    antiqueron, seems AGNC did power higher. Sold in mid 35s yesterday and then back in AH @ 34.50.. So, grabbing the 11% ( if) was giving up 12% more easily and having 1.25 too..... This current seems to be saying underwriters will be getting around book .I option for more at book !
    11 Jul 2012, 05:07 AM Reply Like
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