Miss WY's $27.75 Offering But Think It's A Buy At $18?

Looking back to 93 days ago, Weyerhaeuser Co. (NYSE: WY) priced a 29,000,000 share secondary stock offering at $27.75 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 5.2% above the offering price. It should be noted that investors at the secondary have collected $0.22/share in dividends since the time of their purchase, so they are curre...