Miss SPNC's $18 Secondary But Think It's A Deal At $17.50?

Looking back to 74 days ago, Spectranetics Corp. (NASD: SPNC) priced a 4,750,000 share secondary stock offering at $18.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Tuesday, the stock is now 5.2% above the offering price.