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.
Questions? Comments? firstname.lastname@example.org