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Strategies & Market Trends : Dividend investing for retirement
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To: Steve Felix who wrote (13045)11/3/2012 8:45:24 AM
From: Elroy1 Recommendation  Read Replies (1) of 34328
 
I can't understand most of your response and what it has to do with PSEC's secondary offering.

Here's a very simple question - how does an offering which raises $400 million in cash, issue $440 million in stock, and also costs shareholders $170 million in market cap make sense as a good idea?

I don't care if they can earn 20% on the new cash, losing $170 million in market cap makes raising $400 million a bad idea. All shareholders would be better off if they just made money on their existing capital.
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