Ladder Capital Corp (LADR)

[jugs]

One of the most baffling and disappointing things I frequently see in market dealings is exactly what we're now seeing with LADR:

Shares are being beaten down by nearly 3% in after hours trading.

Why? Because there's a secondary that was just announced.

However, only stupidity will explain the drop from favor among investors. Usually, a secondary spells dilution but in this instance the money isn't going to LADR at all! It's going to long-time investors. It will not be a move destined to be beneficial to the company other than for the fact that stronger "partners" may take fresh positions.

If I had dry powder, I'd be a buyer right this minute. Should the price drop even more convincingly in early trading on the morrow, I'll borrow via margin. This is a fantastic company doing great things and I refuse to just sit and watch. I discovered the company more than a year ago and have done very well so far. I am of the belief that we have just begun to see the good times roll in.