Forbes -
26 Nov 2014 18:43

Looking back to 174 days ago, Laclede Group Inc (NYSE: LG) priced a 9,000,000 share secondary stock offering at $46.25 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 7.8% higher than the offering price. It should be noted that investors at the secondary have collected $0.88/share in dividends since the time of their purchase, so they a...
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