Looking back to 2 days ago, Emeritus Corp. (NYSE: ESC) priced a 7,973,600 share secondary stock offering at $27.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of ESC and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $26.93 per share. …read more
Source: FULL ARTICLE at Forbes Markets