Miss SLCA's $19.60 Secondary But Think It's A Steal At $15?

Looking back to 67 days ago, US Silica Holdings, Inc. (NYSE: SLCA) priced a 12,000,000 share secondary stock offering at $19.60 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 Monday, the stock is now 17.3% higher than the offering price. It should be noted that investors at the secondary have collected $0.12/share in dividends since the time of their purchase, so...