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Secondary Offerings

Apr 08 2021

“Change In Equity Shares Outstanding Factor” Surprises In 2020

  • Apr 8, 2021

Historically, companies that have grown their equity share base over the previous year are apt to underperform the broad market in the ensuing months; those that had reduced shares outstanding tend to outperform. However, the opposite happened over the course of the last year. Here we explore the underlying details to see what contributed to this result.

Jun 03 2009

A Second Opinion On Secondaries… Increased Supply Can Be Bullish

  • Jun 3, 2009

After an uneventful start in 2009, deal flow for equity financings has jumped to life in recent weeks.

May 06 2008

Morose On Main Street… So Why Isn’t The Smart Money Worried?

  • May 6, 2008

Consumer confidence levels have sunk to five year lows. Could this be a bullish omen for the markets?


Nov 03 2004

Market Sentiment: Currently A Mixed Bag

  • Nov 3, 2004

An in depth discussion of market sentiment...At present, it is a real mixed bag, there is no clear cut consensus.

Jan 04 2002

Focus On Equity Supply

  • Jan 4, 2002

This year’s equity offerings volume, as measured by common shares in IPO and secondary financings, finished the year well below the levels of 2000.

Dec 05 1994

Supply/Demand Considerations

  • Dec 5, 1994

Positive net cash flows into U.S. focus mutual funds are no longer overwhelming new equity offerings. But no investor panic yet.

May 05 1993

The Supply/Demand Standoff

  • May 5, 1993

The public continues to roll the money into mutual funds and Wall Street continues to roll out the new equity offerings. The Supply/Demand standoff more or less continued in April.