Q: With offering at $93, what do we make with the price at $88.
Is this a negative?
Is this a negative?
5i Research Answer:
In any large bought deal the stock does usually take a hit. Then, we have investors worry that the CEO is selling. BUT....with the stock up so much in the past year the CEO still has more dollars at risk than he did last year. The company is also buying back $51M in shares as part of this deal. We would see the dip as fairly normal and would not have undue concern here.