Miss Portland General Electric's $29.50 Secondary But Think It's A Deal At $25?

Looking back to 42 days ago, Portland General Electric Co. (NYSE: POR) priced a 11,100,000 share secondary stock offering at $29.50 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 Wednesday, the stock is now 7.2% higher than the offering price. It should be noted that investors at the secondary have collected $0.28/share in dividends since the time of their purcha...