Hi Zeev,
>>I think you are wrong about those 2/3, these will not dilute their earnings, these are shares already in the count (issued in acquisitions, I believe), only the 1/3 is new shares issued by the company. At most it will increase the float, but I do not think the float is excessive, the dilution by 1.3 MM new shares is insignificant when sold in the $55 to $60 range, IMHO.>>
I like your interpretation better than mine - I hope you're right. I don't mind at all the shares being issued that will bring cold, hard cash to their coffers. I think they are building a powerful menu of tech infrastructure for dd manufacturing - the dominant such infrastructure - and will invest fresh $$ wisely to build this further.
Still though, their shares seem a little "tired" right now - possibly secondary to others perceiving, perhaps incorrectly as I may have, deleterious effects of their secondary offering?
Don |
