You Think Today Saw A Lot Of Secondaries, There's More Coming...
After the close, Cliff Natural Resources announced a 12 million share secondary...we are expecting BB&T to price a roughly $1.5 billion secondary tonight or tomorrow; sources tell me additional pricings from Duff & Phelps, SCBT Financial are also coming, and...
What about the Ford secondary? All day long, no info...300 million share secondary, but at what price? They were hopeful of raising $1.8 billion, but the stock closed at $5.01!
Assuming they price a little below that, say $4.75, with 300 million shares....That's $1.42 billion. That's a little shy of expectations, unless they increasing the offering size.
More from the green shoots club:
1) CEO Paul Otellini at the Intel analyst "Looking at order patterns, billings patterns, it's a little better than expected."
2) Alan Greenspan, speaking to the Realtors, said the economy was running well in recent weeks and he saw early signs of bottoming in housing.
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