TA..6.49..
..mentined in an earlier post that I didnt know what I'd do. I ended up selling bout 5000 shares after hours and prmkt, and a fw at the open; out of bout 15000 total.
I rebought the five thousand lower, and hope to trade.
I dont want to get into all my trades, bad and good, but since a few asked (here an pm) I thought I'd mention.
IMO, the negatives outweigh any possible positives re the secondary. Doing it this cheaply makes no sense and is an outrage to current shareholders. TA's managemtent has made awful decisions in the past for shareholders; and I always considered them a trading vehicle only b/c of this, and never with too many shares. I changed my mind after the fantastic renegotiated rent/int payments and following two very positive conf calls. Looks like I was wrong, as managment can still not be trusted.
I guess the positive is maybe TA can utilize the cash accretively by purchasing units on the cheap. And short term there should still be strong qtrs ahead albeit greatly dampened by the huge dilution. Long Term, TA should do well with the idiotic management caveat.
So, I retract my Strong Buy (although still believe there's value here). And I am sorry for any Underwater Ihuber that may have purched TA in the sevens due to my positive post. But I really didnt see it coming...I mean I thought about it, b/c they did mention they purchased more units in the CC, but I was sure they had enuf cash and wouldnt want to dilute till double didgets.
my bad.
best.