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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (36435)1/12/2010 5:43:16 PM
From: E_K_S  Read Replies (3) of 78751
 
RE; GOV

My GTC order for GOV got filled today which increased my position by 60%. The original IPO for GOV was at $20/share (6/2009) and was over subscribed. They announced 6.5 million shares as the new offering (12/31/2009). Somebody on Yahoo stated that they plan to increase the secondary by 10% up above 7 mil, so it appears it is over subscribed too.

They have acquired $89 million of new properties and assumed $24 million new debt. 100% are leased and have long lease tenants.

The final announcement of the secondary issue price should be announced later this week.

I was lucky to get my fill in at the low ($22.21/share) and want to pick up some shares for the IRA if the opportunity presents its self.

EKS
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