Miss SEP's $37.25 Offering But Think It's A Steal At $35?

Looking back to 134 days ago, Spectra Energy Partners LP (NYSE: SEP) priced a 4,500,000 share secondary stock offering at $37.25 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 9.2% higher than the offering price. It should be noted that investors at the secondary have collected $1.01/share in dividends since the time of their purchase, ...