Miss CFX's $44.25 Offering But Think It's A Buy At $40?

Looking back to 100 days ago, Colfax Corp (NYSE: CFX) priced a 10,000,000 share secondary stock offering at $44.25 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 14.6% above the offering price.