Miss LXP's $11.70 Offering But Think It's A Steal At $10?

Looking back to 154 days ago, Lexington Realty Trust (NYSE: LXP) priced a 20,000,000 share secondary stock offering at $11.70 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 5.9% higher than the offering price. It should be noted that investors at the secondary have collected $0.30/share in dividends since the time of their purchase, so t...