sunshineboy
03-20

So the offering, which only increases the outstanding shares by a measly 2%, is at $875.  The stock already fell that low today and will probably go there in the pre-market tomorrow morning as well.  [Smart][Smart][Smart]

Just get it done and in no time it will be behind us and we can continue the uptrend which will be driven by soaring revenues in upcoming earnings reports.   $SUPER MICRO COMPUTER INC(SMCI)$

The money is needed and its a good thing, obviously shorts spin it as a disaster, is a measly 2% increase to the float a disaster?

Therefore, the 2 million offering is good for the company, driving the price up![Cool][Cool][Cool]

$2M Stock Offering Drags SMCI Down to $850?
Super Micro stock fell 9% to close at 910.97 after the data center specialist announced a new stock offering. The company said it plans to sell 2 million additional shares of common stock, pushing its total shares outstanding to more than 58.5 million. ------------ How do you view the stock offering? Will SMCI dip more this week? What's your target price for SMCI?
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Comments

  • tonylim
    03-21
    tonylim
    yes indeed. small dilution. the roe is close to 30
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