Miss MEMP's $18.35 Secondary But Think It's A Steal At $17.50?

Looking back to 148 days ago, Memorial Production Partners LP (NASD: MEMP) priced a 8,500,000 share secondary stock offering at $18.35 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 13% higher than the offering price. It should be noted that investors at the secondary have collected $1.02/share in dividends since the time of their purch...