Miss PCG's $41.71 Secondary But Think It's A Buy At $40?

Looking back to 155 days ago, PG&E Corp. (NYSE: PCG) priced a 7,200,000 share secondary stock offering at $41.71 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 Thursday, the stock is now 10.4% higher than the offering price. It should be noted that investors at the secondary have collected $0.91/share in dividends since the time of their purchase, so they are cur...