Aug. 17 at 2:27 PM
$CLM $CRF if you are a long term holder of either stock a RO is an overall positive with a month or two of potential buying opportunity during some stock price volatility. I know many will take advantage of the open market lower stock prices, but as a long term holder I plan to participate in the RO as much as possible.
WHY, you ask?
Simple , I would rather buy my shares slightly above NAV (in this case 4% above) with the money going to the company to improve the NAV than give my money to 'joe schmoe' selling his shares on the open market unless Joe is selling way below NAV. This is especially true if the added shares bought in the RO are able to bump the NAV even the slightest amount before the next divy is set at the end of October.
The more participation the RO has the better it is for current shareholders...so I am hoping for huge participation and a very successful RO for Cornerstone.
