10.9% Dividend Payer Two Harbors Is Expanding Its Horizons; It's A Buy [View article]
I also sold one day before the special SBY dividend and regular dividend of 32 cents. Managed to get $13.87 as my sell price as I also expected the price to fall. Sitting on cash at the moment looking for the best time to re-enter TWO, I'm expecting another low dividend call in the coming weeks and I'm hoping to get back in if there is a negative reaction to that. Enjoyed your article.
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
Don't see anywhere that says these shares will be in play before the 2nd April, see statement below. NEW YORK (Business Wire) -- Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced that it plans to offer, subject to market and other conditions, 50,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock to cover overallotments. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
These new shares don't get the SBY share allocation which is worth aprox $1.13 per TWO share, plus the 32 cent quarterly dividend. I'm surprised that the secondary offering is at $13.46, would have thought more in the $12.86 region
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
Since the SBY share distribution is worth approximately $1.13 per TWO share and is not paid out to the secondary holders I'm surprised the 50 million shares are not priced in the $12.86 range. As far as I'm concerned thats good news.
Canada reports a blowout payroll number, adding 40K jobs vs. an estimated of 5K. The unemployment rate slips to a 4-year low of 7.1% vs. 7.3% expected. This follows November's even-bigger blowout job gains of 59.3K. The loonie gains about half a cent vs. the greenback, now buying $1.0142. [View news story]
It is still difficult for young people to get good paying jobs. My Son left University with good grades training to be an accountant back last April but other than a 4 month temporary position that came to an end 10 weeks ago he hasn't had much luck despite sending out resumes, to Companies, all over Canada. His best friend was top of his firefighting class, which finished 18 months ago but hasn't been able to get a job other than a School janitor. He is also prepared to travel. Don't let the numbers and the politicians fool you, it's still tough for the younger generation to find meaningful employment.
10.9% Dividend Payer Two Harbors Is Expanding Its Horizons; It's A Buy [View article]
Sitting on cash at the moment looking for the best time to re-enter TWO, I'm expecting another low dividend call in the coming weeks and I'm hoping to get back in if there is a negative reaction to that.
Enjoyed your article.
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
NEW YORK (Business Wire) -- Two Harbors Investment Corp. (NYSE: TWO; NYSE MKT: TWO.WS) today announced that it plans to offer, subject to market and other conditions, 50,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock to cover overallotments. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers.
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
Two Harbors (TWO) prices its giant 50M share secondary offering at $13.46/share for gross proceeds of about $673M. The underwriters retain an option for another 7.5M shares. Stock is lower by 1.3% to $13.69 premarket. (PR) [View news story]
Canada reports a blowout payroll number, adding 40K jobs vs. an estimated of 5K. The unemployment rate slips to a 4-year low of 7.1% vs. 7.3% expected. This follows November's even-bigger blowout job gains of 59.3K. The loonie gains about half a cent vs. the greenback, now buying $1.0142. [View news story]
Don't let the numbers and the politicians fool you, it's still tough for the younger generation to find meaningful employment.