[youtube=http://www.youtube.com/watch?v=pspmBbbOHh8] Watching the big banks’ money-raising efforts come to fruition over the last several weeks, one cannot help but think of the happy endings of several 80’s movies that made a deep impression on me in my formative years. Breakin’ 2: Electric Boogaloo comes to mind. Never mind that the film was robbed of an…
Secondary
Capital Window Opens for Non-Banks, Too
Now that the rally has lasted way longer than most thought it could, the Capital Window has opened wide. Last week the secondary offering parade began, on the heels of the stress test results. Market commentators have mentioned the fact that new stock is being sold almost indiscriminately by the bankers and syndicates and that issues are…
This Just In: Wells Fargo Secondary Announced
Reuters just reported: 1869 RAS 08:12 WELLS FARGO & CO ISSUE TO RAISE $7.5 BLN- SOURCE =A3 1868 RAS 08:10 WELLS FARGO & CO TO SELL 341 MLN SHARES- SOURCE =A2 1867 RAS 08:10 WELLS FARGO & CO WFC PRICES STOCK ISSUE AT $22 PER SHARE Where did we hear that first? Oh, yeah…Doug Kass’s…
