Miss CIE's $26.80 Secondary But Think It's A Steal At $25?

Looking back to 99 days ago, Cobalt International Energy Inc. (NYSE: CIE) priced a 50,000,000 share secondary stock offering at $26.80 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 6.5% higher than the offering price.