Miss FRGI's $24.25 Offering But Think It's A Deal At $22.50?

Looking back to 168 days ago, Fiesta Restaurant Group, Inc (NASD: FRGI) priced a 2,900,000 share secondary stock offering at $24.25 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 Friday, the stock is now 27.1% higher than the offering price.