Miss BKU's $25.25 Secondary But Think It's A Deal At $25?

Looking back to 173 days ago, BankUnited Inc. (NYSE: BKU) priced a 19,600,000 share secondary stock offering at $25.25 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 Wednesday, the stock is now 15.9% above the offering price. It should be noted that investors at the secondary have collected $0.42/share in dividends since the time of their purchase, so they are cu...