Miss AWI's $51.75 Secondary But Think It's A Deal At $50?

Looking back to 10 days ago, Armstrong World Industries (NYSE: AWI) priced a 12,057,382 share secondary stock offering at $51.75 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 Friday, the stock is now 6.3% higher than the offering price.