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Self-managed REIT $ROIC said that it intends to offer 5,700,000 shares of common stock in an underwritten public offering. A 30-day option to purchase up to an additional 855,000 shares will also be granted to the underwriters. Net proceeds from the offering is intended to reduce borrowings under the $500MM unsecured revolving credit facility.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.