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Gold/Mining/Energy : Intrawest Corporation (ITW.TSE) (IDR.NYSE)
ITW 252.24-0.1%Dec 29 3:59 PM EST

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To: thomas gentry who wrote (37)4/7/1999 7:00:00 PM
From: SurfForWealth  Read Replies (1) of 46
 
What is this?
The stock is on a roll moving up nicely every day in anticipation of good Q3 results and they do an issuance of 3mil shares for $1 less than the current price and the stock drops a dollar. Gee thanks guys. Thanks for squashing the rally. Am I correct to be upset? Another $75mil, maybe they are trying to do too much too fast? They keep diluting the shares before the earnings can catch up. Any feedback?
Cheers!!!
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