Denis, Thanks for the numbers. That clarifies where the shares are coming from. The shares being offered by DD, however, were previously issued, were they not?... In other words, they will not add to the dilution in calculating earnings per share. The 850,000 shares to be sold by DPMI, on the other hand, are new issue shares, right?...giving us about slightly less than a 5% dilution of earnings... well within an acceptable range.
Overall, my assessment of prospects for DPMI going forward is solid. I have been pleased with any price for the stock above 39, where I last purchased...but it appears we could be looking for support around 44 if this weakness continues..
Interesting that William was able to sell around 50+, and despite a subsequent runup of the stock to about 58, it turns out his move was rather smart <g>.. TSO |
