Miss REN's $8 Secondary But Think It's A Buy At $7.50?

Looking back to 132 days ago, Resolute Energy Corp (NYSE: REN) priced a 13,250,000 share secondary stock offering at $8.00 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 5.8% higher than the offering price.